Clare Market Investments LLC Makes New Investment in NRG Energy, Inc. $NRG

Clare Market Investments LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,050 shares of the utilities provider’s stock, valued at approximately $592,000.

Other hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its holdings in NRG Energy by 3.0% in the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after buying an additional 68 shares in the last quarter. Sound Income Strategies LLC lifted its stake in NRG Energy by 17.9% during the 1st quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 69 shares during the period. Independence Bank of Kentucky boosted its holdings in shares of NRG Energy by 4.1% during the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 70 shares during the last quarter. Childress Capital Advisors LLC grew its stake in shares of NRG Energy by 4.0% in the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 72 shares during the period. Finally, Hilton Head Capital Partners LLC raised its holdings in shares of NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 73 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $139.69 on Tuesday. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 164.92 and a beta of 1.21. 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 firm has a 50 day moving average of $137.99 and a 200 day moving average of $150.84.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the previous year, the firm earned $2.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NRG shares. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a report on Wednesday, June 24th. Williams Trading set a $184.00 target price on shares of NRG Energy in a research note on Monday. Siebert Williams Shank started coverage on NRG Energy in a research note on Monday. They issued a “buy” rating and a $184.00 price target on the stock. 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 report on Wednesday, March 18th. Finally, Raymond James Financial set a $210.00 price objective on NRG Energy in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $197.80.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated 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 sale, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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.

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.