NewEdge Wealth LLC Has $51.86 Million Position in NRG Energy, Inc. $NRG

NewEdge Wealth LLC grew its position in NRG Energy, Inc. (NYSE:NRG) by 5.0% during the 1st quarter, HoldingsChannel reports. The firm owned 354,847 shares of the utilities provider’s stock after purchasing an additional 16,746 shares during the quarter. NewEdge Wealth LLC’s holdings in NRG Energy were worth $51,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of NRG Energy by 2.2% in the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock valued at $1,730,685,000 after buying an additional 234,666 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after acquiring an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after acquiring an additional 82,162 shares in the last quarter. Invesco Ltd. grew its stake in NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after acquiring an additional 31,238 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of NRG Energy by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock worth $320,145,000 after acquiring an additional 21,666 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Up 6.2%

NRG Energy stock opened at $139.81 on Thursday. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 164.48 and a beta of 1.21. The firm has a 50-day moving average of $135.24 and a 200-day moving average of $149.04. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same period in the prior year, the firm posted $2.68 EPS. NRG Energy’s revenue was up 19.5% compared to the same quarter last year. 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 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.475 per share. 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 payout ratio is 223.53%.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a document filed 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NRG. Morgan Stanley set a $165.00 price target on NRG Energy in a research report on Wednesday, June 24th. Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. Barclays dropped their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. 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 note on Thursday, July 16th. Finally, Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

About NRG Energy

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.