SIR Capital Management L.P. Boosts Holdings in NRG Energy, Inc. $NRG

SIR Capital Management L.P. raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 125.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 71,496 shares of the utilities provider’s stock after acquiring an additional 39,805 shares during the period. SIR Capital Management L.P.’s holdings in NRG Energy were worth $11,385,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in NRG. Reaves W H & Co. Inc. boosted its stake in shares of NRG Energy by 93.5% during the 4th quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock worth $91,026,000 after acquiring an additional 276,157 shares in the last quarter. MidWestOne Financial Group Inc. lifted its stake in NRG Energy by 58.1% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock valued at $3,238,000 after buying an additional 7,344 shares in the last quarter. Hiddenite Capital Partners LP lifted its stake in NRG Energy by 28.6% in the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after buying an additional 20,000 shares in the last quarter. Korea Investment CORP lifted its stake in NRG Energy by 13.4% in the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after buying an additional 32,672 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in NRG Energy by 7.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after buying an additional 86,528 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NYSE:NRG opened at $125.57 on Friday. 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 stock has a market capitalization of $26.49 billion, a P/E ratio of 147.73 and a beta of 1.24. The company has a 50 day moving average price of $144.45 and a 200 day moving average price of $153.89. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.5%. NRG Energy’s dividend payout ratio (DPR) is presently 223.53%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Morgan Stanley set a $162.00 price objective on shares of NRG Energy in a report on Thursday, May 21st. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, BNP Paribas Exane assumed coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.69.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

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.