Clare Market Investments LLC Acquires Shares of 4,050 NRG Energy, Inc. $NRG

Clare Market Investments LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,050 shares of the utilities provider’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in NRG Energy during the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of NRG Energy in the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC purchased a new stake in NRG Energy during the 4th quarter valued at $28,000. EMC Capital Management purchased a new position in shares of NRG Energy during the 4th quarter worth about $30,000. Finally, SHP Wealth Management purchased a new position in NRG Energy during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.9%

Shares of NRG opened at $139.69 on Tuesday. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a 50 day moving average price of $137.99 and a 200 day moving average price of $150.84. The stock has a market capitalization of $29.47 billion, a price-to-earnings ratio of 164.92 and a beta of 1.21.

NRG Energy (NYSE:NRG) last issued 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 return on equity of 70.67% and a net margin of 0.74%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the prior year, the firm earned $2.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued 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 1.4%. NRG Energy’s dividend payout ratio is currently 223.53%.

Analyst Ratings Changes

A number of analysts have recently issued reports on NRG shares. Williams Trading set a $184.00 target price on shares of NRG Energy in a research note on Monday. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Siebert Williams Shank assumed coverage on NRG Energy in a research note on Monday. They set a “buy” rating and a $184.00 price objective for the company. Morgan Stanley set a $165.00 price objective on shares of NRG Energy in a research report on Wednesday, June 24th. Finally, BNP Paribas Exane initiated coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.80.

Insider Buying and Selling

In other news, VP Virginia Kinney sold 20,000 shares of the 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 of the company’s stock, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company 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.