NRG Energy, Inc. $NRG Shares Purchased by Meyer Handelman Co.

Meyer Handelman Co. grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,089 shares of the utilities provider’s stock after buying an additional 5,219 shares during the quarter. Meyer Handelman Co. owned about 0.06% of NRG Energy worth $17,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Motiv8 Investments LLC bought a new position in NRG Energy during the 4th quarter valued at $27,000. MV Capital Management Inc. bought a new stake in shares of NRG Energy in the 4th quarter worth $27,000. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy in the 4th quarter worth $28,000. EMC Capital Management acquired a new stake in shares of NRG Energy in the fourth quarter valued at $30,000. Finally, SHP Wealth Management bought a new position in NRG Energy during the fourth quarter valued at about $32,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.92.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

NRG Energy Trading Up 3.2%

NYSE:NRG opened at $146.76 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 1-year low of $120.11 and a 1-year high of $189.96. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 172.66 and a beta of 1.24. The stock has a fifty day simple moving average of $140.34 and a 200 day simple moving average of $151.91.

NRG Energy (NYSE:NRG) last issued its quarterly 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 return on equity of 70.67% and a net margin of 0.74%.The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the prior year, the business 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. Sell-side analysts forecast that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.475 per share. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.3%. NRG Energy’s payout ratio is currently 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.