21,852 Shares in NRG Energy, Inc. $NRG Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, Holdings Channel reports. The institutional investor bought 21,852 shares of the utilities provider’s stock, valued at approximately $3,480,000.

Several other hedge funds also recently bought and sold shares of NRG. CastleKnight Management LP raised its stake in shares of NRG Energy by 68.7% during the 4th quarter. CastleKnight Management LP now owns 11,300 shares of the utilities provider’s stock worth $1,799,000 after purchasing an additional 4,600 shares in the last quarter. Concentric Capital Strategies LP increased its holdings in NRG Energy by 48.1% in the fourth quarter. Concentric Capital Strategies LP now owns 73,038 shares of the utilities provider’s stock worth $11,631,000 after buying an additional 23,716 shares during the last quarter. Asset One Wealth Management LLC acquired a new position in NRG Energy in the fourth quarter worth approximately $995,000. Banco Bilbao Vizcaya Argentaria S.A. raised its position in NRG Energy by 8.1% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,026 shares of the utilities provider’s stock valued at $960,000 after acquiring an additional 452 shares in the last quarter. Finally, Align Financial LLC acquired a new stake in NRG Energy in the fourth quarter valued at approximately $5,452,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NRG has been the subject of several recent research reports. Barclays decreased their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. 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 objective for the company. Evercore assumed coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price on the stock. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Wednesday, March 18th. Finally, BNP Paribas Exane started coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.69.

NRG Energy Price Performance

NYSE NRG opened at $132.16 on Thursday. The company has a market cap of $27.89 billion, a P/E ratio of 155.49 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 current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The company has a fifty day simple moving average of $143.24 and a 200 day simple moving average of $153.05.

NRG Energy (NYSE:NRG) last released 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 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 revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.475 per share. The ex-dividend date was Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.4%. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company 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.