Public Employees Retirement System of Ohio Makes New $16.85 Million Investment in NRG Energy, Inc. $NRG

Public Employees Retirement System of Ohio bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 115,347 shares of the utilities provider’s stock, valued at approximately $16,848,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of 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 in the last quarter. Victory Capital Management Inc. increased its holdings in shares of NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after acquiring an additional 4,916,653 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NRG Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after acquiring an additional 82,162 shares in the last quarter. Invesco Ltd. boosted its holdings 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 purchasing an additional 31,238 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in NRG Energy in the second quarter valued at approximately $473,391,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 2.9%

NRG Energy stock opened at $111.11 on Friday. The stock has a 50 day moving average of $130.30 and a two-hundred day moving average of $143.54. NRG Energy, Inc. has a twelve month low of $110.65 and a twelve month high of $189.96. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 29.39 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 8.6 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a yield of 1.7%. NRG Energy’s payout ratio is currently 50.26%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $195.00 target price on shares of NRG Energy in a research report on Wednesday, August 5th. UBS Group dropped their price objective on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. BMO Capital Markets reiterated a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. Siebert Williams Shank assumed coverage on NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 target price for the company. Finally, Scotiabank decreased their target price on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 5th. 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, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $198.43.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the company’s 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 sale, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.