Cetera Investment Advisers Buys 4,902 Shares of NRG Energy, Inc. $NRG

Cetera Investment Advisers grew its stake in NRG Energy, Inc. (NYSE:NRG) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,553 shares of the utilities provider’s stock after buying an additional 4,902 shares during the period. Cetera Investment Advisers’ holdings in NRG Energy were worth $17,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Reaves W H & Co. Inc. lifted its position in NRG Energy by 93.5% in the 4th quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock worth $91,026,000 after buying an additional 276,157 shares during the last quarter. Hiddenite Capital Partners LP grew its position 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 valued at $14,332,000 after acquiring an additional 20,000 shares during the last quarter. BNP Paribas Financial Markets grew its position in NRG Energy by 83.8% during the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock valued at $90,522,000 after acquiring an additional 259,113 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of NRG Energy by 10.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock worth $83,315,000 after acquiring an additional 51,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NRG Energy by 1,799.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 134,520 shares of the utilities provider’s stock worth $21,421,000 after acquiring an additional 127,438 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NRG shares. Scotiabank upped their price objective on shares of NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. Barclays cut their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Siebert Williams Shank assumed coverage on NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 price objective on the stock. Finally, Williams Trading set a $184.00 price objective on NRG Energy in a report on Monday, July 6th. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.93.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $136.36 on Tuesday. The company’s fifty day simple moving average is $135.89 and its two-hundred day simple moving average is $148.57. The firm has a market cap of $28.77 billion, a PE ratio of 160.42 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. 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 data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share 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 business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter last year, the business posted $2.68 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts expect that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.475 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s payout ratio is currently 223.53%.

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.