Victory Capital Management Inc. Purchases 4,916,653 Shares of NRG Energy, Inc. $NRG

Victory Capital Management Inc. increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 178.1% in the 4th quarter, HoldingsChannel reports. The firm owned 7,676,513 shares of the utilities provider’s stock after acquiring an additional 4,916,653 shares during the quarter. NRG Energy accounts for 0.7% of Victory Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Victory Capital Management Inc.’s holdings in NRG Energy were worth $1,222,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NRG. Brighton Jones LLC lifted its position in NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of NRG Energy in the first quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $1,934,000 after acquiring an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of NRG Energy in the second quarter worth about $7,937,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings cut shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. BNP Paribas Exane assumed coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price for the company. Barclays dropped their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Raymond James Financial set a $210.00 target price 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 issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.69.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.43% of the company’s stock.

NRG Energy Stock Up 1.5%

Shares of NYSE NRG opened at $125.57 on Friday. The company has a 50 day simple moving average of $144.45 and a 200 day simple moving average of $153.89. The firm has a market cap of $26.49 billion, a PE ratio of 147.73 and a beta of 1.24. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 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.

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 analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The firm 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. This represents a $1.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

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.