Ferguson Wellman Capital Management Inc. Has $24.82 Million Stock Position in NRG Energy, Inc. $NRG

Ferguson Wellman Capital Management Inc. grew its position in NRG Energy, Inc. (NYSE:NRG) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,862 shares of the utilities provider’s stock after purchasing an additional 3,729 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.08% of NRG Energy worth $24,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of NRG Energy by 260.9% in the 1st quarter. Fifth Third Bancorp now owns 53,092 shares of the utilities provider’s stock valued at $7,759,000 after purchasing an additional 38,382 shares during the period. Simplicity Wealth LLC grew its stake in NRG Energy by 11.8% during the first quarter. Simplicity Wealth LLC now owns 1,633 shares of the utilities provider’s stock worth $239,000 after buying an additional 172 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in NRG Energy by 17.9% during the first quarter. Sequoia Financial Advisors LLC now owns 10,267 shares of the utilities provider’s stock worth $1,500,000 after acquiring an additional 1,562 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of NRG Energy by 14.0% during the first quarter. Costello Asset Management INC now owns 1,508 shares of the utilities provider’s stock worth $220,000 after buying an additional 185 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in NRG Energy by 0.4% in the first quarter. Hsbc Holdings PLC now owns 485,243 shares of the utilities provider’s stock valued at $70,608,000 after purchasing an additional 2,048 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock traded up $0.12 during mid-day trading on Friday, hitting $140.60. 1,085,666 shares of the stock were exchanged, compared to its average volume of 2,605,118. The business has a fifty day moving average price of $136.64 and a 200 day moving average price of $150.46. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 165.41 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 for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.475 dividend. 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 (DPR) is presently 223.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NRG shares. Williams Trading set a $184.00 price target on NRG Energy in a research note on Monday, July 6th. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Wednesday, March 18th. BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price for the company. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.80.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s 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. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.

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.