TimesSquare Capital Management LLC Boosts Holdings in NRG Energy, Inc. $NRG

TimesSquare Capital Management LLC increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 523,205 shares of the utilities provider’s stock after acquiring an additional 51,360 shares during the quarter. NRG Energy makes up 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. TimesSquare Capital Management LLC’s holdings in NRG Energy were worth $83,315,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Capstone Capital Management Ltd purchased a new position in NRG Energy in the 4th quarter worth approximately $599,000. ProShare Advisors LLC lifted its holdings in NRG Energy by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 44,449 shares of the utilities provider’s stock worth $7,078,000 after purchasing an additional 2,101 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of NRG Energy by 14.6% during the 4th quarter. HighTower Advisors LLC now owns 69,603 shares of the utilities provider’s stock worth $11,084,000 after acquiring an additional 8,884 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $259,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of NRG Energy by 136.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,386 shares of the utilities provider’s stock worth $380,000 after acquiring an additional 1,376 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NRG has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings cut NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Evercore initiated coverage on NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective on the stock. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Barclays decreased their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.46.

NRG Energy Stock Performance

NYSE NRG opened at $125.57 on Tuesday. The company has a market cap of $26.49 billion, a P/E ratio of 147.73 and a beta of 1.32. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The business’s 50 day moving average price is $151.84 and its 200-day moving average price is $158.64. NRG Energy, Inc. has a fifty-two week low of $124.16 and a fifty-two week 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 for the quarter, missing the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts predict that NRG Energy, Inc. will post 8.94 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. NRG Energy’s payout ratio is currently 223.53%.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

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.