4,402 Shares in NRG Energy, Inc. $NRG Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the first quarter, Holdings Channel.com reports. The firm purchased 4,402 shares of the utilities provider’s stock, valued at approximately $643,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in NRG Energy during the first quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its position in shares of NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after buying an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of NRG Energy in the 2nd quarter worth approximately $7,937,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

NRG Energy Trading Up 7.8%

Shares of NRG opened at $133.95 on Friday. The firm has a market cap of $28.26 billion, a P/E ratio of 157.59 and a beta of 1.21. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The business has a 50-day moving average of $135.70 and a 200 day moving average of $148.17.

NRG Energy (NYSE:NRG) last issued its 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 return on equity of 70.67% and a net margin of 0.74%.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 earned $2.68 EPS. NRG Energy’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, research analysts forecast that NRG Energy, Inc. will post 9.7 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. NRG Energy’s payout ratio is presently 223.53%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NRG shares. Morgan Stanley set a $165.00 price target on NRG Energy in a report on Wednesday, June 24th. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research report on Monday, April 27th. BMO Capital Markets lowered their price objective on shares of NRG Energy from $213.00 to $212.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 target price on the stock. One 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.79.

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.