State of Michigan Retirement System Increases Holdings in NRG Energy, Inc. $NRG

State of Michigan Retirement System boosted its position in NRG Energy, Inc. (NYSE:NRG) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,466 shares of the utilities provider’s stock after buying an additional 5,300 shares during the quarter. State of Michigan Retirement System’s holdings in NRG Energy were worth $8,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Reaves W H & Co. Inc. increased its stake in NRG Energy by 93.5% in the 4th quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock worth $91,026,000 after purchasing an additional 276,157 shares during the period. Hiddenite Capital Partners LP boosted its stake 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 purchasing an additional 20,000 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of NRG Energy by 33.1% in the third quarter. Swiss Life Asset Management Ltd now owns 66,483 shares of the utilities provider’s stock worth $10,767,000 after purchasing an additional 16,545 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of NRG Energy by 83.8% in the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock worth $90,522,000 after buying an additional 259,113 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in NRG Energy by 10.9% during 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 during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NRG. Barclays cut their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Scotiabank reiterated an “outperform” rating and set a $226.00 target price on shares of NRG Energy in a report on Wednesday. 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. Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. Finally, Siebert Williams Shank started coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.73.

NRG Energy Stock Performance

Shares of NRG opened at $137.81 on Thursday. The company has a 50-day simple moving average of $135.67 and a two-hundred day simple moving average of $150.00. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $29.08 billion, a PE ratio of 162.13 and a beta of 1.21. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share 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 firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.475 dividend. 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 dividend payout ratio is 223.53%.

Insider Buying and Selling

In other news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the sale, 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

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.