Y Intercept Hong Kong Ltd Acquires New Holdings in NRG Energy, Inc. $NRG

Y Intercept Hong Kong Ltd bought a new position in NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,351 shares of the utilities provider’s stock, valued at approximately $1,659,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in NRG Energy during the first quarter worth $548,000. Sound Income Strategies LLC boosted its stake in shares of NRG Energy by 17.9% during the 1st quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 69 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of NRG Energy during the 1st quarter valued at about $3,149,000. Strs Ohio raised its stake in shares of NRG Energy by 38.5% in the 1st quarter. Strs Ohio now owns 55,397 shares of the utilities provider’s stock valued at $8,096,000 after acquiring an additional 15,388 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of NRG Energy by 7.2% in the 1st quarter. Keybank National Association OH now owns 2,295 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Williams Trading set a $184.00 target price on NRG Energy in a research report on Monday. Barclays reduced 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 note on Tuesday, March 31st. Morgan Stanley set a $165.00 price objective on shares of NRG Energy in a report on Wednesday, June 24th. BNP Paribas Exane initiated coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a research report on Monday. They set a “buy” rating and a $184.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.80.

NRG Energy Trading Up 2.2%

Shares of NRG stock opened at $140.48 on Friday. The firm has a market capitalization of $29.64 billion, a P/E ratio of 165.27 and a beta of 1.21. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The firm’s fifty day simple moving average is $136.81 and its 200 day simple moving average is $150.53. 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 (NYSE:NRG) last posted 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 analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given 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 yield of 1.4%. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

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 directly owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

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.