NRG Energy, Inc. $NRG Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,994 shares of the utilities provider’s stock after buying an additional 6,727 shares during the period. Illinois Municipal Retirement Fund’s holdings in NRG Energy were worth $9,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its position in shares of NRG Energy by 3.0% during the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock valued at $376,000 after acquiring an additional 68 shares during the period. Sound Income Strategies LLC grew its holdings in shares of NRG Energy by 17.9% in the 1st quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 69 shares during the period. Independence Bank of Kentucky increased its stake in NRG Energy by 4.1% in the 4th 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 raised its holdings in NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 72 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its holdings in NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 73 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Monday, June 15th. The shares were 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 directly owned 45,111 shares in the company, 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NRG shares. Scotiabank reissued an “outperform” rating and issued a $226.00 target price on shares of NRG Energy in a report on Wednesday. Morgan Stanley set a $165.00 price target on NRG Energy in a research note on Wednesday, June 24th. Siebert Williams Shank initiated coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Barclays cut their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.93.

NRG Energy Stock Performance

NRG Energy stock opened at $132.81 on Friday. 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 market capitalization of $28.02 billion, a price-to-earnings ratio of 156.25 and a beta of 1.21. The stock has a fifty day moving average of $135.50 and a two-hundred day moving average of $149.80. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company 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. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

NRG Energy 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.