Oaktree Capital Management LP Takes Position in NRG Energy, Inc. $NRG

Oaktree Capital Management LP acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,028 shares of the utilities provider’s stock, valued at approximately $7,165,000.

Other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in NRG Energy in the 1st quarter valued at about $151,000. Bank of America Corp DE increased its holdings in shares of NRG Energy by 16.7% during the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock worth $320,396,000 after buying an additional 313,410 shares during the last quarter. Hamilton Wealth LLC raised its position in shares of NRG Energy by 120.5% during the 1st quarter. Hamilton Wealth LLC now owns 3,422 shares of the utilities provider’s stock valued at $500,000 after buying an additional 1,870 shares during the period. Kentucky Retirement Systems raised its position in shares of NRG Energy by 123.6% during the 1st quarter. Kentucky Retirement Systems now owns 26,702 shares of the utilities provider’s stock valued at $3,902,000 after buying an additional 14,758 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in NRG Energy by 5.3% in the first quarter. Janus Henderson Group PLC now owns 703,909 shares of the utilities provider’s stock valued at $102,872,000 after acquiring an additional 35,254 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Trading Up 7.8%

NRG opened at $133.95 on Friday. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. 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 business has a fifty day simple moving average of $135.70 and a 200-day simple moving average of $148.17. The firm has a market cap of $28.26 billion, a P/E ratio of 157.59 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced 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 analysts’ expectations 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 was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 9.7 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s dividend payout ratio (DPR) is presently 223.53%.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value 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. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NRG shares. Barclays increased their price target on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets reduced their price objective on shares of NRG Energy from $213.00 to $212.00 and set a “market perform” rating on the stock in a report on Tuesday. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research note on Wednesday, June 24th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Siebert Williams Shank began coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.79.

NRG Energy Company 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.