Strategic Investment Advisors MI Purchases New Position in NRG Energy, Inc. $NRG

Strategic Investment Advisors MI bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,402 shares of the utilities provider’s stock, valued at approximately $643,000.

Other hedge funds also recently modified their holdings of the company. Motiv8 Investments LLC bought a new position in NRG Energy in the fourth quarter valued at about $27,000. MV Capital Management Inc. acquired a new position in shares of NRG Energy in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in NRG Energy in the 4th quarter valued at approximately $28,000. EMC Capital Management acquired a new stake in NRG Energy during the 4th quarter worth approximately $30,000. Finally, SHP Wealth Management acquired a new stake in NRG Energy during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Williams Trading set a $184.00 target price on NRG Energy in a research report on Monday, July 6th. Siebert Williams Shank started coverage on NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 target price on the stock. Finally, Barclays increased their price target on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research note on Tuesday. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $201.79.

NRG Energy Trading Up 7.8%

NYSE NRG opened at $133.95 on Friday. The stock has a market capitalization of $28.26 billion, a P/E ratio of 157.59 and a beta of 1.21. The business has a 50 day simple moving average of $135.70 and a 200 day simple moving average of $148.17. 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, Inc. has a one year low of $120.11 and a one year high of $189.96.

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 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 business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. NRG Energy’s quarterly revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts expect that NRG Energy, Inc. will post 9.7 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given 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 is Monday, August 3rd. NRG Energy’s dividend payout ratio is 223.53%.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 insiders.

NRG Energy 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.