L2 Asset Management LLC Boosts Position in NRG Energy, Inc. $NRG

L2 Asset Management LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 32.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,323 shares of the utilities provider’s stock after purchasing an additional 4,045 shares during the quarter. L2 Asset Management LLC’s holdings in NRG Energy were worth $2,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in NRG Energy by 2.2% during the fourth quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock worth $1,730,685,000 after purchasing an additional 234,666 shares during the last quarter. Victory Capital Management Inc. lifted its stake in NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after buying an additional 4,916,653 shares during the last quarter. Geode Capital Management LLC lifted its stake in NRG Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after buying an additional 82,162 shares during the last quarter. Invesco Ltd. lifted its stake in NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after buying an additional 31,238 shares during the last quarter. Finally, Capital World Investors purchased a new stake in NRG Energy in the fourth quarter valued at approximately $305,817,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $130.35 on Tuesday. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month 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. The business has a 50 day simple moving average of $144.00 and a 200-day simple moving average of $153.57. The stock has a market capitalization of $27.50 billion, a PE ratio of 153.35 and a beta of 1.25.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $8.43 billion. During the same quarter last year, the company earned $2.68 EPS. NRG Energy’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. Equities analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently declared 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 was Friday, May 1st. NRG Energy’s dividend payout ratio is 223.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings cut NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Wednesday, March 18th. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. Evercore assumed coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective for the company. Finally, Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.69.

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.