NRG Energy, Inc. $NRG Shares Bought by Kentucky Retirement Systems

Kentucky Retirement Systems grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 123.6% during the first quarter, HoldingsChannel reports. The firm owned 26,702 shares of the utilities provider’s stock after purchasing an additional 14,758 shares during the quarter. Kentucky Retirement Systems’ holdings in NRG Energy were worth $3,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC increased its stake in NRG Energy by 3.0% in the fourth quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 68 shares during the last quarter. Sound Income Strategies LLC boosted its stake in NRG Energy by 17.9% in the 1st quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after buying an additional 69 shares during the last quarter. Independence Bank of Kentucky grew its holdings in NRG Energy by 4.1% in the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after buying an additional 70 shares during the period. Childress Capital Advisors LLC increased its stake in shares of NRG Energy by 4.0% during the 4th quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 72 shares during the last quarter. Finally, Hilton Head Capital Partners LLC increased its stake in shares of NRG Energy by 50.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

NRG has been the topic of several research analyst reports. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research report on Wednesday, June 24th. Wells Fargo & Company increased their price target on shares of NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Finally, UBS Group dropped their price objective on NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.79.

NRG Energy Stock Up 7.8%

Shares of NYSE:NRG opened at $133.95 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The stock has a market capitalization of $28.26 billion, a P/E ratio of 157.59 and a beta of 1.21. The stock has a 50-day simple moving average of $135.70 and a 200-day simple moving average of $148.17.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts forecast that NRG Energy, Inc. will post 9.7 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.475 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s dividend payout ratio is presently 223.53%.

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.