Illinois Municipal Retirement Fund Raises Holdings in NRG Energy, Inc. $NRG

Illinois Municipal Retirement Fund lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,994 shares of the utilities provider’s stock after purchasing an additional 6,727 shares during the period. Illinois Municipal Retirement Fund’s holdings in NRG Energy were worth $9,206,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NRG. Reaves W H & Co. Inc. raised its position 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 grew its position in NRG Energy by 28.6% during the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock worth $14,332,000 after purchasing an additional 20,000 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in NRG Energy by 33.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 66,483 shares of the utilities provider’s stock worth $10,767,000 after purchasing an additional 16,545 shares during the last quarter. BNP Paribas Financial Markets increased its stake in NRG Energy by 83.8% in the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock valued at $90,522,000 after purchasing an additional 259,113 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in shares of NRG Energy by 10.9% in the fourth quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock valued at $83,315,000 after buying an additional 51,360 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The stock was 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 in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction 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 owned by corporate insiders.

NRG Energy Stock Down 3.7%

Shares of NYSE:NRG opened at $132.81 on Friday. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96. 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’s 50-day simple moving average is $135.50 and its 200-day simple moving average is $149.80. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 156.25 and a beta of 1.21.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) 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 firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the prior year, the company 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. As a group, equities research analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is 223.53%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Williams Trading set a $184.00 price target on NRG Energy in a report on Monday, July 6th. Raymond James Financial set a $210.00 price objective on NRG Energy in a research note on Monday, April 27th. Scotiabank reaffirmed an “outperform” rating and set a $226.00 price objective on shares of NRG Energy in a research report on Wednesday. Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Barclays dropped their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.93.

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.