National Pension Service Boosts Stake in NRG Energy, Inc. $NRG

National Pension Service increased its stake in NRG Energy, Inc. (NYSE:NRG) by 13.9% in the 2nd quarter, Holdings Channel reports. The fund owned 345,477 shares of the utilities provider’s stock after buying an additional 42,196 shares during the quarter. National Pension Service’s holdings in NRG Energy were worth $50,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NRG. Brighton Jones LLC boosted its holdings in shares of NRG Energy by 41.8% in the 4th 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 in the last quarter. Integrated Wealth Concepts LLC bought a new stake in NRG Energy in the 1st quarter worth approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NRG Energy by 7.3% in the 1st 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 during the last quarter. Woodline Partners LP boosted its stake in NRG Energy by 40.7% in 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 bought a new position in NRG Energy during the second quarter valued at approximately $7,937,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 1.6%

Shares of NRG opened at $113.39 on Friday. The stock has a market capitalization of $23.92 billion, a P/E ratio of 30.00 and a beta of 1.18. NRG Energy, Inc. has a twelve month low of $108.34 and a twelve month high of $189.96. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17. The firm has a fifty day simple moving average of $124.62 and a two-hundred day simple moving average of $139.77.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The firm had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. NRG Energy’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts anticipate that NRG Energy, Inc. will post 8.6 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.475 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.7%. NRG Energy’s dividend payout ratio (DPR) is presently 50.26%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Siebert Williams Shank initiated coverage on shares of NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 price target on the stock. Williams Trading set a $184.00 target price on shares of NRG Energy in a report on Monday, July 6th. Barclays lifted their target price on shares of NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. BMO Capital Markets reissued a “market perform” rating and issued a $214.00 price target on shares of NRG Energy in a research note on Thursday, August 6th. Finally, UBS Group cut their price target on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.43.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total value of $191,069.40. Following the transaction, the chief accounting officer directly owned 6,213 shares of the company’s stock, valued at $751,338.09. The trade was a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

NRG Energy Company Profile

NRG Energy, Inc is a North American energy and home services company headquartered in Houston, Texas. The company operates through power generation and energy retail businesses, supplying electricity and related services to residential, commercial and industrial customers.

NRG owns and operates a diverse portfolio of power-generation assets, including natural gas, coal, nuclear and renewable facilities. It also sells electricity and natural gas through brands such as Reliant, Direct Energy and Green Mountain Energy, with retail operations serving customers in competitive energy markets across the United States and Canada.

In addition to its energy operations, NRG provides smart-home, security and related connected-home services through its Vivint business.