OMERS ADMINISTRATION Corp Boosts Stake in NRG Energy, Inc. $NRG

OMERS ADMINISTRATION Corp raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 56.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,483 shares of the utilities provider’s stock after acquiring an additional 4,482 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in NRG Energy were worth $1,824,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NRG. Reaves W H & Co. Inc. grew its stake in NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares during the last quarter. Hiddenite Capital Partners LP lifted its position in shares of NRG Energy by 28.6% during the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after buying an additional 20,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of NRG Energy by 83.8% during the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock valued at $90,522,000 after buying an additional 259,113 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of NRG Energy by 10.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock valued at $83,315,000 after buying an additional 51,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of NRG Energy by 1,799.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 134,520 shares of the utilities provider’s stock worth $21,421,000 after buying an additional 127,438 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $123.96 on Thursday. The company has a 50 day moving average price of $135.76 and a 200 day moving average price of $148.28. The firm has a market capitalization of $26.15 billion, a P/E ratio of 145.83 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG) last issued 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 company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 8.8 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio is presently 223.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank increased their target price on shares of NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Siebert Williams Shank initiated coverage on shares of NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 price target on the stock. Wells Fargo & Company upped their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. BMO Capital Markets decreased their price objective on NRG Energy from $213.00 to $212.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Barclays raised their price objective on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.79.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the firm’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 transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

NRG Energy Company 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.