Cibc World Market Inc. Buys 9,973 Shares of NRG Energy, Inc. $NRG

Cibc World Market Inc. increased its stake in NRG Energy, Inc. (NYSE:NRG) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,393 shares of the utilities provider’s stock after purchasing an additional 9,973 shares during the quarter. Cibc World Market Inc.’s holdings in NRG Energy were worth $5,318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NRG. Worldquant Millennium Advisors LLC raised its holdings in NRG Energy by 492.5% in the 2nd 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. Consolidated Press International Holdings Ltd. bought a new stake in NRG Energy during the third quarter valued at about $98,360,000. Merewether Investment Management LP bought a new stake in NRG Energy during the third quarter valued at about $85,951,000. TimesSquare Capital Management LLC purchased a new position in shares of NRG Energy in the third quarter valued at about $76,415,000. Finally, Fred Alger Management LLC boosted its stake in shares of NRG Energy by 865.7% in the third quarter. Fred Alger Management LLC now owns 476,760 shares of the utilities provider’s stock worth $77,211,000 after acquiring an additional 427,390 shares during the period. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore assumed coverage on NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price for the company. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Wednesday, March 18th. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

NRG Energy Trading Up 0.0%

NRG opened at $129.26 on Monday. The firm has a market cap of $27.27 billion, a P/E ratio of 152.07 and a beta of 1.25. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96. 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 stock has a 50-day moving average of $146.52 and a 200 day moving average of $155.17.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date 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 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.