Mangrove Partners IM LLC Makes New $977,000 Investment in NRG Energy, Inc. $NRG

Mangrove Partners IM LLC purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, Holdings Channel.com reports. The fund purchased 6,134 shares of the utilities provider’s stock, valued at approximately $977,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NRG. Brighton Jones LLC increased its stake in NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of NRG Energy during the first quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NRG Energy by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after buying an additional 1,381 shares in the last quarter. Woodline Partners LP grew its position in shares of NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after buying an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of NRG Energy during the second quarter worth about $7,937,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NRG has been the subject of a number of analyst reports. Morgan Stanley set a $162.00 price objective on NRG Energy in a research report on Thursday, May 21st. BNP Paribas Exane initiated coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 price objective for the company. Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. Finally, Evercore started coverage on NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target for the company. One 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. Based on data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $199.69.

NRG Energy Stock Performance

Shares of NRG opened at $132.14 on Wednesday. The stock has a 50 day moving average price of $143.60 and a 200 day moving average price of $153.31. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 155.46 and a beta of 1.24. NRG Energy, Inc. has a 52-week low of $120.11 and a 52-week high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results 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). The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.475 dividend. 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 dividend payout ratio is presently 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.