J. Safra Sarasin Holding AG Invests $2.63 Million in NRG Energy, Inc. $NRG

J. Safra Sarasin Holding AG acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, Holdings Channel.com reports. The fund acquired 18,026 shares of the utilities provider’s stock, valued at approximately $2,632,000.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $27,000. Motiv8 Investments LLC bought a new stake in shares of NRG Energy during the 4th quarter valued at $27,000. Core Wealth Advisors LLC bought a new stake in NRG Energy during the fourth quarter valued at about $28,000. EMC Capital Management purchased a new position in NRG Energy in the 4th quarter worth approximately $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy in the fourth quarter worth $32,000. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction 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 completion of the sale, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NRG. Siebert Williams Shank initiated coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Wednesday, March 18th. Barclays reduced their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Williams Trading set a $184.00 target price on NRG Energy in a report on Monday, July 6th. Finally, BNP Paribas Exane initiated coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.80.

NRG Energy Trading Down 0.6%

Shares of NRG Energy stock opened at $139.59 on Tuesday. The stock has a market cap of $29.45 billion, a PE ratio of 164.23 and a beta of 1.21. The firm has a fifty day moving average price of $136.32 and a 200 day moving average price of $150.29. 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 1 year low of $120.11 and a 1 year 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. Equities research analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

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