Hanseatic Management Services Inc. Makes New Investment in NRG Energy, Inc. $NRG

Hanseatic Management Services Inc. bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, Holdings Channel reports. The institutional investor bought 4,831 shares of the utilities provider’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares during the period. Capital World Investors acquired a new position in NRG Energy in the fourth quarter valued at about $305,817,000. Boston Partners lifted its stake in NRG Energy by 124.1% in the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after buying an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after buying an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $85,951,000. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday. Barclays lowered their target price on shares of 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 reissued an “outperform” rating and set a $226.00 price target on shares of NRG Energy in a research report on Wednesday. Finally, Raymond James Financial set a $210.00 price target on shares of NRG Energy in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $199.93.

NRG Energy Trading Down 2.7%

NYSE NRG opened at $129.12 on Friday. 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 current ratio of 0.84 and a quick ratio of 0.78. The firm has a market cap of $27.24 billion, a P/E ratio of 151.91 and a beta of 1.21. The stock’s 50-day moving average is $135.32 and its 200-day moving average is $149.66.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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 net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the prior year, the firm posted $2.68 earnings per share. NRG Energy’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 anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid 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 yield of 1.5%. NRG Energy’s payout ratio is presently 223.53%.

Insider Buying and Selling at NRG Energy

In other 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 transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This represents 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

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.