HighTower Advisors LLC Purchases 8,884 Shares of NRG Energy, Inc. $NRG

HighTower Advisors LLC raised its position in NRG Energy, Inc. (NYSE:NRG) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,603 shares of the utilities provider’s stock after acquiring an additional 8,884 shares during the quarter. HighTower Advisors LLC’s holdings in NRG Energy were worth $11,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NRG. Reaves W H & Co. Inc. raised its stake in shares of NRG Energy by 122.8% in the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock worth $47,852,000 after buying an additional 162,874 shares during the period. MidWestOne Financial Group Inc. raised its stake in shares of NRG Energy by 58.1% in the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock worth $3,238,000 after buying an additional 7,344 shares during the period. Korea Investment CORP raised its stake in shares of NRG Energy by 13.4% in the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after buying an additional 32,672 shares during the period. Schroder Investment Management Group raised its stake in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after buying an additional 86,528 shares during the period. Finally, Border to Coast Pensions Partnership Ltd bought a new position in shares of NRG Energy in the third quarter worth about $27,003,000. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NRG shares. Evercore started coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective on the stock. Raymond James Financial set a $210.00 price objective on NRG Energy in a research note on Monday, April 27th. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

NRG Energy Stock Performance

NYSE:NRG opened at $137.80 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 12-month low of $121.22 and a 12-month high of $189.96. The stock has a 50-day moving average price of $149.93 and a 200 day moving average price of $157.26. The stock has a market capitalization of $29.07 billion, a P/E ratio of 162.12 and a beta of 1.32.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the business posted $2.68 EPS. The business’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. Equities research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the firm’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 completion of the transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is owned by corporate insiders.

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.