Man Group plc Raises Position in NRG Energy, Inc. $NRG

Man Group plc increased its position in NRG Energy, Inc. (NYSE:NRG) by 81.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 863,484 shares of the utilities provider’s stock after buying an additional 388,802 shares during the period. Man Group plc’s holdings in NRG Energy were worth $137,501,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in NRG Energy in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in NRG Energy in the fourth quarter worth about $28,000. Creative Financial Designs Inc. ADV grew its stake in NRG Energy by 321.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 183 shares in the last quarter. BOKF NA grew its stake in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, DV Equities LLC acquired a new position in NRG Energy in the fourth quarter worth about $43,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $132.16 on Thursday. NRG Energy, Inc. has a 1-year low of $120.11 and a 1-year high of $189.96. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The firm’s 50-day moving average price is $143.24 and its two-hundred day moving average price is $153.05. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 155.49 and a beta of 1.24.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s payout ratio is 223.53%.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent research reports. Morgan Stanley set a $162.00 target price on shares of NRG Energy in a report on Thursday, May 21st. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Barclays cut their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Evercore started coverage on NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective for the company. Finally, Weiss Ratings cut NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.69.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.