Mangrove Partners IM LLC Makes New $977,000 Investment in NRG Energy, Inc. $NRG

Mangrove Partners IM LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,134 shares of the utilities provider’s stock, valued at approximately $977,000.

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

NRG Energy Stock Up 1.3%

Shares of NRG opened at $132.14 on Wednesday. The firm has a market cap of $27.88 billion, a P/E ratio of 155.46 and a beta of 1.24. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The company’s 50-day moving average price is $143.60 and its 200 day moving average price is $153.31. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68.

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

NRG Energy Dividend Announcement

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

Analyst Ratings Changes

NRG has been the topic of several recent research reports. Morgan Stanley set a $162.00 price target on shares of NRG Energy in a research report on Thursday, May 21st. Evercore assumed coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target on the stock. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Finally, The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

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.