CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $24.92 Million Stock Position in NRG Energy, Inc. $NRG

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in NRG Energy, Inc. (NYSE:NRG) by 5.2% during the first quarter, HoldingsChannel.com reports. The firm owned 170,500 shares of the utilities provider’s stock after buying an additional 8,500 shares during the quarter. NRG Energy makes up approximately 1.2% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 22nd largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in NRG Energy were worth $24,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NRG. Brighton Jones LLC grew its stake in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after buying an additional 1,528 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in NRG Energy during the first quarter valued at approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after acquiring an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its stake in NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after acquiring an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in NRG Energy in the second quarter worth approximately $7,937,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 0.1%

NYSE:NRG opened at $136.55 on Monday. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96. The firm has a market cap of $28.81 billion, a price-to-earnings ratio of 160.65 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company’s 50 day moving average is $138.26 and its 200-day moving average is $150.98.

NRG Energy (NYSE:NRG) last posted 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 the consensus estimate of $8.43 billion. During the same period in the prior year, the company posted $2.68 earnings per share. NRG Energy’s quarterly 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. Equities analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared 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 yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio is 223.53%.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Barclays lowered their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday, June 24th. Finally, Raymond James Financial set a $210.00 price target on NRG Energy in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.92.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy 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 transaction, the vice president directly owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.