Strs Ohio Has $8.10 Million Stake in NRG Energy, Inc. $NRG

Strs Ohio grew its position in NRG Energy, Inc. (NYSE:NRG) by 38.5% in the first quarter, HoldingsChannel.com reports. The fund owned 55,397 shares of the utilities provider’s stock after buying an additional 15,388 shares during the quarter. Strs Ohio’s holdings in NRG Energy were worth $8,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NRG Energy in the first quarter valued at $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares during the last quarter. Woodline Partners LP raised its holdings in shares of NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after buying an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in NRG Energy during the 2nd quarter worth about $7,937,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on NRG. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. BNP Paribas Exane started coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price on the stock. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research note on Wednesday, June 24th. Barclays dropped their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $199.92.

NRG Energy Stock Performance

NRG Energy stock opened at $136.55 on Monday. The company has a market cap of $28.81 billion, a PE ratio of 160.65 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. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The company’s 50-day moving average is $138.26 and its two-hundred day moving average is $150.98.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period last year, the firm earned $2.68 earnings per share. The company’s quarterly 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. Equities analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.475 per share. 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 payout ratio is 223.53%.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the company’s 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 completion of the sale, 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 document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

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.