Tema ETFs LLC Buys 55,968 Shares of NRG Energy, Inc. $NRG

Tema ETFs LLC boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 1,481.8% in the second quarter, Holdings Channel reports. The firm owned 59,745 shares of the utilities provider’s stock after purchasing an additional 55,968 shares during the quarter. Tema ETFs LLC’s holdings in NRG Energy were worth $8,726,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. MV Capital Management Inc. bought a new position in shares of NRG Energy in the 4th quarter valued at $27,000. Motiv8 Investments LLC acquired a new stake in NRG Energy in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy during the fourth quarter worth $28,000. EMC Capital Management acquired a new position in shares of NRG Energy during the fourth quarter worth $30,000. Finally, SHP Wealth Management bought a new position in shares of NRG Energy in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Up 1.0%

Shares of NRG opened at $120.09 on Wednesday. The stock’s 50-day moving average price is $133.67 and its two-hundred day moving average price is $146.59. NRG Energy, Inc. has a 12 month low of $112.50 and a 12 month high of $189.96. The company has a market capitalization of $25.34 billion, a PE ratio of 31.77 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The company had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.NRG Energy’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 8.42 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.6%. NRG Energy’s dividend payout ratio (DPR) is presently 50.26%.

Insider Activity

In other 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 value of $2,550,400.00. Following the sale, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NRG shares. Evercore reissued an “outperform” rating and set a $195.00 price objective on shares of NRG Energy in a report on Wednesday, August 5th. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Wells Fargo & Company lifted their price target on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays boosted their price target on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley set a $165.00 price objective on shares of NRG Energy in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.43.

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.