National Pension Service Purchases 42,196 Shares of NRG Energy, Inc. $NRG

National Pension Service grew its position in shares of NRG Energy, Inc. (NYSE:NRG) by 13.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 345,477 shares of the utilities provider’s stock after buying an additional 42,196 shares during the period. National Pension Service owned 0.16% of NRG Energy worth $50,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in NRG Energy by 14,662.9% in the 2nd quarter. California State Teachers Retirement System now owns 34,582,918 shares of the utilities provider’s stock valued at $5,051,181,000 after acquiring an additional 34,348,662 shares during the period. State Street Corp boosted its position in NRG Energy by 2.2% during the fourth quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock worth $1,730,685,000 after purchasing an additional 234,666 shares during the period. Victory Capital Management Inc. increased its stake in shares of NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NRG Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after purchasing an additional 82,162 shares during the period. Finally, Invesco Ltd. raised its position in shares of NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after purchasing an additional 31,238 shares during the period. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NRG. Williams Trading set a $184.00 price objective on shares of NRG Energy in a report on Monday, July 6th. Siebert Williams Shank initiated coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 target price on the stock. UBS Group cut their price target on NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Barclays lifted their price target on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.43.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $113.39 on Friday. The company has a 50 day moving average of $124.62 and a 200 day moving average of $139.77. The stock has a market cap of $23.92 billion, a P/E ratio of 30.00 and a beta of 1.18. NRG Energy, Inc. has a 12 month low of $108.34 and a 12 month high of $189.96. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The firm had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 8.6 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.475 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.7%. NRG Energy’s dividend payout ratio is presently 50.26%.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction 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 approximately $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gerald Alfred Spencer sold 1,580 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the transaction, the chief accounting officer owned 6,213 shares of the company’s stock, valued at approximately $751,338.09. The trade was a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Profile

NRG Energy, Inc is a North American energy and home services company headquartered in Houston, Texas. The company operates through power generation and energy retail businesses, supplying electricity and related services to residential, commercial and industrial customers.

NRG owns and operates a diverse portfolio of power-generation assets, including natural gas, coal, nuclear and renewable facilities. It also sells electricity and natural gas through brands such as Reliant, Direct Energy and Green Mountain Energy, with retail operations serving customers in competitive energy markets across the United States and Canada.

In addition to its energy operations, NRG provides smart-home, security and related connected-home services through its Vivint business.