Meyer Handelman Co. Has $17.55 Million Stock Position in NRG Energy, Inc. $NRG

Meyer Handelman Co. increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.5% in the 1st quarter, Holdings Channel reports. The fund owned 120,089 shares of the utilities provider’s stock after purchasing an additional 5,219 shares during the period. Meyer Handelman Co.’s holdings in NRG Energy were worth $17,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Financial Partners LLC increased its holdings in shares of NRG Energy by 5.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 67 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of NRG Energy by 3.0% during the fourth quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 68 shares during the period. Independence Bank of Kentucky grew its position in NRG Energy by 4.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 70 shares in the last quarter. Childress Capital Advisors LLC increased its stake in NRG Energy by 4.0% in the 4th quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after buying an additional 72 shares during the period. Finally, Hilton Head Capital Partners LLC lifted its position in NRG Energy by 50.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock worth $32,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the sale, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

NRG stock opened at $146.76 on Friday. The firm has a 50 day moving average of $140.34 and a two-hundred day moving average of $151.91. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 172.66 and a beta of 1.24. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

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

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NRG. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. Raymond James Financial set a $210.00 price objective on NRG Energy in a report on Monday, April 27th. Barclays reduced 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. BNP Paribas Exane initiated coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. Finally, Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.92.

About NRG Energy

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.