Havemeyer Place LP Purchases Shares of 4,302 NRG Energy, Inc. $NRG

Havemeyer Place LP purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,302 shares of the utilities provider’s stock, valued at approximately $685,000.

Other hedge funds have also recently modified their holdings of the company. Pinebridge Investments LLC purchased a new stake in NRG Energy during the 4th quarter worth approximately $5,010,000. WINTON GROUP Ltd purchased a new position in shares of NRG Energy in the fourth quarter worth $5,829,000. Arsenal Capital Advisors LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth $264,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of NRG Energy during the fourth quarter valued at $1,367,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of NRG Energy by 87.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 15,893 shares of the utilities provider’s stock valued at $2,531,000 after buying an additional 7,407 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NRG. Weiss Ratings lowered NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Barclays reduced their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $199.69.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

NRG Energy Price Performance

Shares of NYSE NRG opened at $127.83 on Tuesday. 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 stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 150.39 and a beta of 1.25. The firm’s 50 day simple moving average is $146.16 and its 200-day simple moving average is $154.90. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96.

NRG Energy (NYSE:NRG) last announced 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). The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is presently 223.53%.

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.