Sequoia Financial Advisors LLC Buys 4,016 Shares of NRG Energy, Inc. $NRG

Sequoia Financial Advisors LLC lifted its position in NRG Energy, Inc. (NYSE:NRG) by 85.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,705 shares of the utilities provider’s stock after purchasing an additional 4,016 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NRG Energy were worth $1,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of NRG Energy during the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its holdings in NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 85 shares in the last quarter. BOKF NA boosted its holdings in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 335 shares in the last quarter. Finally, First Horizon Corp bought a new stake in NRG Energy in the third quarter valued at $67,000. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NRG. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Wednesday, March 18th. Evercore assumed coverage on NRG Energy in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price for the company. Weiss Ratings lowered NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Barclays reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.46.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $137.51 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The stock’s fifty day moving average price is $154.69 and its 200-day moving average price is $159.76. The firm has a market cap of $29.01 billion, a P/E ratio of 161.78 and a beta of 1.32. NRG Energy, Inc. has a 12 month low of $134.04 and a 12 month high of $189.96.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS 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 firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the prior year, the firm posted $2.68 earnings per share. The business’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. On average, equities research analysts expect that NRG Energy, Inc. will post 9.02 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.475 dividend. The ex-dividend date is Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. NRG Energy’s dividend 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.