NRG Energy, Inc. $NRG Shares Purchased by Allstate Corp

Allstate Corp boosted its position in NRG Energy, Inc. (NYSE:NRG) by 103.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,638 shares of the utilities provider’s stock after acquiring an additional 7,426 shares during the quarter. Allstate Corp’s holdings in NRG Energy were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp lifted its position in NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in NRG Energy by 321.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock valued at $38,000 after buying an additional 183 shares in the last quarter. BOKF NA lifted its position in NRG Energy by 3,714.3% during the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Hantz Financial Services Inc. lifted its position in NRG Energy by 140.2% during the fourth quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock valued at $47,000 after buying an additional 171 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of NRG Energy by 1,970.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 335 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

Shares of NRG opened at $137.80 on Friday. The stock has a market capitalization of $29.07 billion, a PE ratio of 162.11 and a beta of 1.32. NRG Energy, Inc. has a 12-month low of $121.22 and a 12-month high of $189.96. The business’s fifty day moving average price is $149.05 and its 200 day moving average price is $156.57. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

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 analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on NRG shares. Morgan Stanley set a $162.00 price objective on NRG Energy in a research note on Thursday, May 21st. Raymond James Financial set a $210.00 price objective on NRG Energy in a research note on Monday, April 27th. Weiss Ratings cut NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Evercore started coverage on NRG Energy in a research note on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective on the stock. Finally, Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Wednesday, March 18th. 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. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $199.69.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The shares were 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. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

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.