Allspring Global Investments Holdings LLC Has $35.55 Million Stake in NRG Energy, Inc. $NRG

Allspring Global Investments Holdings LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 93.3% in the first quarter, Holdings Channel.com reports. The firm owned 237,190 shares of the utilities provider’s stock after acquiring an additional 114,461 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NRG Energy were worth $35,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after buying an additional 4,916,653 shares during the period. Capital World Investors acquired a new stake in shares of NRG Energy during the 4th quarter valued at $305,817,000. Boston Partners grew its holdings in shares of NRG Energy by 124.1% during the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after acquiring an additional 1,001,672 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of NRG Energy by 492.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after acquiring an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in shares of NRG Energy in the third quarter worth $85,951,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on NRG. Morgan Stanley set a $165.00 target price on NRG Energy in a research note on Wednesday, June 24th. Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. Scotiabank restated an “outperform” rating and issued a $226.00 price objective on shares of NRG Energy in a report on Wednesday. Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 target price for the company. Finally, Barclays dropped their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

NRG Energy Stock Up 0.0%

Shares of NRG Energy stock opened at $129.12 on Monday. The stock has a market capitalization of $27.24 billion, a P/E ratio of 151.91 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 stock has a 50 day moving average price of $135.32 and a two-hundred day moving average price of $149.58. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96.

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 analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts expect that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

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.