Louisiana State Employees Retirement System Purchases New Shares in NRG Energy, Inc. $NRG

Louisiana State Employees Retirement System acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,800 shares of the utilities provider’s stock, valued at approximately $1,578,000.

Several other large investors also recently modified their holdings of NRG. Motiv8 Investments LLC purchased a new position in NRG Energy in the fourth quarter valued at about $27,000. MV Capital Management Inc. purchased a new stake in NRG Energy during the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new position in shares of NRG Energy in the 4th quarter valued at approximately $28,000. EMC Capital Management acquired a new position in shares of NRG Energy in the 4th quarter valued at approximately $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy during the 4th quarter valued at approximately $32,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

NRG Energy Stock Down 3.8%

NYSE:NRG opened at $140.49 on Thursday. 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 stock has a 50 day moving average of $138.80 and a 200-day moving average of $151.32. The firm has a market capitalization of $29.64 billion, a PE ratio of 165.28 and a beta of 1.21. 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 the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s payout ratio is 223.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NRG. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target on the stock. Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday, June 24th. Barclays decreased their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. BNP Paribas Exane began coverage on NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective on the stock. Finally, Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $199.92.

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.