Quantitative Investment Management LLC Invests $909,000 in NRG Energy, Inc. $NRG

Quantitative Investment Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,228 shares of the utilities provider’s stock, valued at approximately $909,000.

Other large investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in NRG Energy in the 4th quarter worth approximately $27,000. Motiv8 Investments LLC bought a new stake in shares of NRG Energy during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in shares of NRG Energy in the fourth quarter worth $28,000. EMC Capital Management purchased a new position in shares of NRG Energy in the fourth quarter worth $30,000. Finally, SHP Wealth Management bought a new position in shares of NRG Energy during the fourth quarter worth $32,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NRG shares. Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. Barclays increased their price objective on shares of NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Scotiabank cut their price objective 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. UBS Group reduced their target price on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, BNP Paribas Exane set a $221.00 target price on NRG Energy in a research report on Wednesday, August 19th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.43.

Insider Activity

In other 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 completion of the transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 insiders.

NRG Energy Price Performance

NRG stock opened at $109.14 on Wednesday. NRG Energy, Inc. has a 52 week low of $108.34 and a 52 week high of $189.96. The firm has a market capitalization of $23.03 billion, a P/E ratio of 28.87 and a beta of 1.19. The company has a fifty day simple moving average of $129.15 and a two-hundred day simple moving average of $142.77. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17.

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

NRG Energy Announces Dividend

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

About NRG Energy

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.