Hiddenite Capital Partners LP Boosts Holdings in NRG Energy, Inc. $NRG

Hiddenite Capital Partners LP raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the quarter. NRG Energy makes up 1.9% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 17th largest position. Hiddenite Capital Partners LP’s holdings in NRG Energy were worth $14,332,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC boosted its holdings in shares of NRG Energy by 3.0% during the third quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 65 shares during the period. Catalyst Financial Partners LLC lifted its holdings in NRG Energy by 5.0% in the third quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 67 shares during the period. McIlrath & Eck LLC lifted its holdings in NRG Energy by 3.0% in the fourth quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 68 shares during the period. Independence Bank of Kentucky lifted its holdings in NRG Energy by 4.1% in the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 70 shares during the period. Finally, Childress Capital Advisors LLC lifted its holdings in NRG Energy by 4.0% in the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 72 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NYSE NRG opened at $127.73 on Friday. NRG Energy, Inc. has a twelve month low of $127.64 and a twelve month high of $189.96. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 150.27 and a beta of 1.32. The firm has a 50-day moving average of $152.54 and a two-hundred day moving average of $159.07.

NRG Energy (NYSE:NRG) last issued its quarterly 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). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same period in the previous year, the company posted $2.68 earnings per share. NRG Energy’s revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, analysts expect that NRG Energy, Inc. will post 8.94 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is presently 223.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Jefferies Financial Group reduced their price objective on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BNP Paribas Exane assumed coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $199.46.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

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.