Gateway Wealth Partners LLC Makes New Investment in NRG Energy, Inc. $NRG

Gateway Wealth Partners LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, Holdings Channel.com reports. The fund purchased 5,156 shares of the utilities provider’s stock, valued at approximately $754,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of 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 valued at $1,222,409,000 after buying an additional 4,916,653 shares during the last quarter. Capital World Investors bought a new stake in shares of NRG Energy during the 4th quarter worth approximately $305,817,000. Boston Partners boosted its holdings in NRG Energy by 124.1% during the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after acquiring an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC grew its position in NRG Energy by 492.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after acquiring an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new stake in NRG Energy in the third quarter worth $85,951,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NRG. Wells Fargo & Company boosted their target price 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. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research note on Wednesday, June 24th. UBS Group lowered their price objective on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday. Siebert Williams Shank started coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 target price on the stock. Finally, Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. One investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.79.

NRG Energy Stock Down 2.8%

Shares of NRG Energy stock opened at $123.96 on Thursday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 145.83 and a beta of 1.21. The firm’s 50-day moving average is $135.76 and its two-hundred day moving average is $148.28. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96.

NRG Energy (NYSE:NRG) last posted 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 business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the prior year, the firm posted $2.68 EPS. The company’s revenue for the quarter 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. As a group, research analysts expect that NRG Energy, Inc. will post 8.8 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

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

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.