NRG Energy, Inc. $NRG Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 50.4% during the first quarter, Holdings Channel.com reports. The firm owned 857,186 shares of the utilities provider’s stock after buying an additional 287,381 shares during the quarter. Sei Investments Co.’s holdings in NRG Energy were worth $125,268,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of NRG Energy by 41.8% during 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in NRG Energy in the first quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its stake in NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after purchasing an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in NRG Energy during the second quarter worth $7,937,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective 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. Siebert Williams Shank began coverage on NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. Williams Trading set a $184.00 price target on NRG Energy in a report on Monday, July 6th. Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.93.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

Shares of NRG stock opened at $143.10 on Friday. The stock’s 50-day moving average is $135.41 and its two-hundred day moving average is $148.88. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of 168.36 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 company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion for 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 firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued 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 1.3%. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

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.