35,262 Shares in NRG Energy, Inc. $NRG Acquired by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, Holdings Channel.com reports. The firm acquired 35,262 shares of the utilities provider’s stock, valued at approximately $5,153,000.

Several other hedge funds have also made changes to their positions in NRG. Catalyst Financial Partners LLC grew its position in shares of NRG Energy by 5.0% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock worth $228,000 after buying an additional 67 shares in the last quarter. McIlrath & Eck LLC lifted its stake in NRG Energy by 3.0% in the fourth quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after acquiring an additional 68 shares during the period. Independence Bank of Kentucky grew its holdings in NRG Energy by 4.1% during the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 70 shares in the last quarter. Childress Capital Advisors LLC increased its position in NRG Energy by 4.0% during the 4th quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 72 shares during the period. Finally, WT Wealth Management increased its position in NRG Energy by 5.4% during the 4th quarter. WT Wealth Management now owns 1,435 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 74 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the business’s 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 transaction, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research report on Wednesday. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. BNP Paribas Exane began coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price on the stock. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Wednesday, March 18th. Finally, Weiss Ratings cut NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.92.

NRG Energy Trading Up 2.1%

NYSE NRG opened at $150.21 on Friday. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. The company has a 50 day moving average price of $139.97 and a 200 day moving average price of $151.90. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market cap of $31.69 billion, a PE ratio of 176.72 and a beta of 1.24.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share 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 analyst estimates of $8.43 billion. During the same quarter last year, the business earned $2.68 earnings per share. NRG Energy’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.475 dividend. 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 1.3%. NRG Energy’s dividend payout ratio (DPR) is presently 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.