Maverick Capital Ltd. Acquires Shares of 10,537 NRG Energy, Inc. $NRG

Maverick Capital Ltd. bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,537 shares of the utilities provider’s stock, valued at approximately $1,540,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Reaves W H & Co. Inc. lifted its stake in NRG Energy by 93.5% in the 4th quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares during the last quarter. Hiddenite Capital Partners LP boosted its position in NRG Energy by 28.6% in the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after buying an additional 20,000 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of NRG Energy by 83.8% during the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock worth $90,522,000 after buying an additional 259,113 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of NRG Energy by 10.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock worth $83,315,000 after buying an additional 51,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of NRG Energy by 1,799.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 134,520 shares of the utilities provider’s stock worth $21,421,000 after buying an additional 127,438 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of research reports. Barclays dropped their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Scotiabank increased their target price on NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Williams Trading set a $184.00 price target on NRG Energy in a research note on Monday, July 6th. Wells Fargo & Company boosted their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley set a $165.00 price objective on NRG Energy in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

NRG Energy Price Performance

Shares of NRG opened at $136.36 on Tuesday. The business has a 50-day moving average of $135.89 and a 200-day moving average of $148.57. 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 company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 160.42 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.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.43 billion. During the same period in the prior year, the company 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. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s 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 sale, the vice president owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 currently owned by insiders.

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.