Martingale Asset Management L P Boosts Stock Position in NRG Energy, Inc. $NRG

Martingale Asset Management L P raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 50.9% in the 4th quarter, Holdings Channel reports. The fund owned 96,984 shares of the utilities provider’s stock after acquiring an additional 32,714 shares during the quarter. Martingale Asset Management L P’s holdings in NRG Energy were worth $15,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in NRG Energy during the 4th quarter valued at approximately $661,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NRG Energy by 5.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,515,458 shares of the utilities provider’s stock valued at $241,322,000 after acquiring an additional 72,893 shares during the last quarter. Wells Fargo & Company MN raised its stake in NRG Energy by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 375,567 shares of the utilities provider’s stock valued at $59,805,000 after acquiring an additional 5,807 shares during the last quarter. Wealthspire Advisors LLC raised its stake in NRG Energy by 555.2% during the 4th quarter. Wealthspire Advisors LLC now owns 3,073 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 2,604 shares during the last quarter. Finally, Summit Financial LLC raised its stake in shares of NRG Energy by 223.2% during the 4th quarter. Summit Financial LLC now owns 5,465 shares of the utilities provider’s stock worth $870,000 after buying an additional 3,774 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Trading Up 1.5%

Shares of NRG opened at $125.57 on Friday. 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 has a market capitalization of $26.49 billion, a P/E ratio of 147.73 and a beta of 1.24. The stock’s fifty day simple moving average is $144.45 and its 200 day simple moving average is $153.89. NRG Energy, Inc. has a twelve month low of $120.11 and a twelve month high of $189.96.

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 the consensus estimate of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period last year, the business posted $2.68 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.5%. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of analyst reports. Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. Barclays dropped their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group began coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. Finally, BNP Paribas Exane began coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. One equities 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 stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $199.69.

Insider Activity

In other news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

NRG Energy Company 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.