NRG Energy, Inc. $NRG Stock Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,358,495 shares of the utilities provider’s stock after buying an additional 57,378 shares during the quarter. Bank of New York Mellon Corp’s holdings in NRG Energy were worth $198,530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reaves W H & Co. Inc. lifted its holdings in shares of NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after buying an additional 276,157 shares during the period. Hiddenite Capital Partners LP grew its holdings in NRG Energy by 28.6% during the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock worth $14,332,000 after acquiring an additional 20,000 shares during the period. Swiss Life Asset Management Ltd grew its holdings in NRG Energy by 33.1% during the third quarter. Swiss Life Asset Management Ltd now owns 66,483 shares of the utilities provider’s stock worth $10,767,000 after acquiring an additional 16,545 shares during the period. BNP Paribas Financial Markets raised its position in NRG Energy by 83.8% in the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock worth $90,522,000 after acquiring an additional 259,113 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in NRG Energy by 10.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock valued at $83,315,000 after acquiring an additional 51,360 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NRG. Scotiabank restated an “outperform” rating and set a $226.00 price objective on shares of NRG Energy in a research report on Wednesday. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Barclays cut their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a report on Wednesday, June 24th. Finally, Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. 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 MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $199.93.

NRG Energy Trading Down 2.7%

Shares of NRG opened at $129.12 on Friday. The business’s 50-day moving average price is $135.32 and its 200 day moving average price is $149.66. 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 market capitalization of $27.24 billion, a P/E ratio of 151.91 and a beta of 1.21. NRG Energy, Inc. has a 1-year low of $120.11 and a 1-year high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS 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%. NRG Energy’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts expect that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

The company 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. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio is 223.53%.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on 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 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 position. 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.

NRG Energy Company 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.