California Public Employees Retirement System Raises Position in NRG Energy, Inc. $NRG

California Public Employees Retirement System grew its position in shares of NRG Energy, Inc. (NYSE:NRG) by 3.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 335,539 shares of the utilities provider’s stock after acquiring an additional 11,405 shares during the period. California Public Employees Retirement System’s holdings in NRG Energy were worth $49,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of NRG Energy by 2.2% in the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock valued at $1,730,685,000 after purchasing an additional 234,666 shares during the period. Victory Capital Management Inc. grew its stake in NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares during the period. Geode Capital Management LLC raised its holdings in NRG Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after purchasing an additional 82,162 shares in the last quarter. Invesco Ltd. raised its holdings in NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after purchasing an additional 31,238 shares in the last quarter. Finally, Capital World Investors purchased a new position in NRG Energy during the fourth quarter valued at $305,817,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG opened at $130.74 on Tuesday. NRG Energy, Inc. has a twelve month low of $120.11 and a twelve month high of $189.96. The company has a market capitalization of $27.58 billion, a P/E ratio of 153.81 and a beta of 1.21. The firm has a 50 day moving average of $135.18 and a 200 day moving average of $149.37. 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 (NYSE:NRG) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.43 billion. During the same period last year, the company posted $2.68 earnings per share. The business’s 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 research analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NRG shares. Wells Fargo & Company boosted their target price on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Williams Trading set a $184.00 price target on shares of NRG Energy in a research report on Monday, July 6th. Barclays dropped their price objective 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. Finally, Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.93.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was 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 of the company’s stock, 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

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.