VIRGINIA RETIREMENT SYSTEMS ET Al Has $10.86 Million Holdings in NRG Energy, Inc. $NRG

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in NRG Energy, Inc. (NYSE:NRG) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,200 shares of the utilities provider’s stock after buying an additional 4,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NRG Energy were worth $10,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. Brighton Jones LLC boosted its position in NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after buying an additional 1,528 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in NRG Energy in the first quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares in the last quarter. Woodline Partners LP boosted its position in NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after buying an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in NRG Energy in the second quarter valued at about $7,937,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president directly 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 SEC, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on NRG shares. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Wednesday, March 18th. Wells Fargo & Company upped their target price on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Jefferies Financial Group reduced their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. BNP Paribas Exane assumed coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price on the stock. Finally, Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

NRG Energy Price Performance

Shares of NRG stock opened at $131.23 on Thursday. NRG Energy, Inc. has a 1 year low of $129.24 and a 1 year high of $189.96. The firm’s 50 day moving average is $153.80 and its 200-day moving average is $159.54. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 154.38 and a beta of 1.32. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (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 company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. NRG Energy’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. Sell-side analysts forecast that NRG Energy, Inc. will post 8.82 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 1st. 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.