State of Wyoming Purchases 5,194 Shares of NRG Energy, Inc. $NRG

State of Wyoming raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 61.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,592 shares of the utilities provider’s stock after purchasing an additional 5,194 shares during the quarter. State of Wyoming’s holdings in NRG Energy were worth $2,164,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Crescent Grove Advisors LLC bought a new position in shares of NRG Energy during the 4th quarter valued at approximately $501,000. TD Asset Management Inc grew its stake in shares of NRG Energy by 1.7% during the 4th quarter. TD Asset Management Inc now owns 84,308 shares of the utilities provider’s stock valued at $13,425,000 after acquiring an additional 1,427 shares during the period. Cibc World Market Inc. grew its stake in shares of NRG Energy by 42.6% during the 4th quarter. Cibc World Market Inc. now owns 33,393 shares of the utilities provider’s stock valued at $5,318,000 after acquiring an additional 9,973 shares during the period. Lido Advisors LLC grew its stake in shares of NRG Energy by 7.0% during the 4th quarter. Lido Advisors LLC now owns 6,530 shares of the utilities provider’s stock valued at $1,056,000 after acquiring an additional 428 shares during the period. Finally, Avestar Capital LLC bought a new position in shares of NRG Energy during the 4th quarter valued at approximately $341,000. 97.72% of the stock is currently owned by institutional investors.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

NRG has been the subject of a number of recent research reports. Weiss Ratings downgraded NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, March 6th. They set a “buy” rating and a $197.00 price objective for the company. Barclays cut their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Finally, Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

NRG Energy Stock Up 0.6%

NYSE NRG opened at $134.30 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market capitalization of $28.34 billion, a P/E ratio of 158.00 and a beta of 1.24. NRG Energy, Inc. has a one year low of $121.22 and a one year high of $189.96. The stock has a 50 day moving average price of $147.31 and a 200-day moving average price of $155.64.

NRG Energy (NYSE:NRG) last posted its 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 for 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 firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Announces Dividend

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