NRG Energy, Inc. $NRG Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,494 shares of the utilities provider’s stock after purchasing an additional 3,899 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of NRG Energy worth $19,947,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after acquiring an additional 4,916,653 shares during the last quarter. Capital World Investors acquired a new position in shares of NRG Energy in the 4th quarter worth $305,817,000. Boston Partners grew its holdings in shares of NRG Energy by 124.1% in the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after acquiring an additional 1,001,672 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after purchasing an additional 734,624 shares during the period. Finally, Merewether Investment Management LP purchased a new stake in shares of NRG Energy during the third quarter valued at $85,951,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 0.4%

Shares of NYSE NRG opened at $134.56 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. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96. The business has a 50-day moving average price of $135.63 and a two-hundred day moving average price of $148.07. The firm has a market capitalization of $28.39 billion, a PE ratio of 158.30 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced 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). 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 for the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the business posted $2.68 earnings per share. NRG Energy’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, analysts predict that NRG Energy, Inc. will post 9.7 earnings per share for the current fiscal 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 given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio is presently 223.53%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NRG shares. BMO Capital Markets decreased their price target on NRG Energy from $213.00 to $212.00 and set a “market perform” rating for the company in a research report on Tuesday. UBS Group reduced their price objective on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a report on Monday, April 27th. Scotiabank upped their price target on shares of NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. One 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. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and an average price target of $201.79.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the vice president owned 45,111 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

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.