Fortitude Advisory Group L.L.C. Makes New Investment in NRG Energy, Inc. $NRG

Fortitude Advisory Group L.L.C. bought a new position in NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 5,973 shares of the utilities provider’s stock, valued at approximately $873,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Victory Capital Management Inc. boosted its position in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Capital World Investors purchased a new position in NRG Energy during the fourth quarter valued at $305,817,000. Boston Partners boosted 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 buying an additional 1,001,672 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after buying an additional 734,624 shares in the last quarter. Finally, Consolidated Press International Holdings Ltd. purchased a new stake in shares of NRG Energy in the 3rd quarter worth about $98,360,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NRG. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research report on Monday, April 27th. Barclays decreased 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. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Wednesday, March 18th. Finally, BNP Paribas Exane initiated coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued 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 a consensus target price of $199.92.

NRG Energy Trading Down 0.1%

NRG Energy stock opened at $136.55 on Monday. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96. The business’s fifty day moving average is $138.26 and its 200 day moving average is $150.98. The stock has a market capitalization of $28.81 billion, a PE ratio of 160.65 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

NRG Energy (NYSE:NRG) last issued its earnings results 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 business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.NRG Energy’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s payout ratio is presently 223.53%.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the 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 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 sale was disclosed in a document filed 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 company insiders.

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.