Empowered Funds LLC Has $16.76 Million Holdings in NRG Energy, Inc. $NRG

Empowered Funds LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 37.4% in the first quarter, HoldingsChannel reports. The firm owned 114,702 shares of the utilities provider’s stock after selling 68,476 shares during the period. Empowered Funds LLC’s holdings in NRG Energy were worth $16,763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after buying an additional 1,528 shares during the period. Integrated Wealth Concepts LLC acquired a new position in NRG Energy during the first quarter valued at $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after acquiring an additional 1,381 shares in the last quarter. Woodline Partners LP boosted its position in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares during the period. Finally, Marshall Wace LLP purchased a new position in NRG Energy during the 2nd quarter valued at about $7,937,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of research analyst reports. Williams Trading set a $184.00 price target on shares of NRG Energy in a research report on Monday, July 6th. Siebert Williams Shank assumed coverage on shares of NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 price objective on the stock. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Scotiabank increased their target price on shares of NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research note on Wednesday, June 24th. One 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 data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and an average price target of $201.79.

Insider Buying and Selling

In other news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, 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 can be accessed through this hyperlink. 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 Stock Down 6.7%

NRG opened at $127.39 on Wednesday. The company has a market capitalization of $26.88 billion, a PE ratio of 149.87 and a beta of 1.21. 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 fifty-two week low of $120.11 and a fifty-two week high of $189.96. The business has a 50-day moving average of $135.96 and a 200-day moving average of $148.42.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the previous year, the firm posted $2.68 EPS. The company’s quarterly 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. Equities research analysts forecast that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s payout ratio is currently 223.53%.

NRG Energy 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.