Geode Capital Management LLC Acquires 82,162 Shares of NRG Energy, Inc. $NRG

Geode Capital Management LLC grew its stake in NRG Energy, Inc. (NYSE:NRG) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,637,726 shares of the utilities provider’s stock after buying an additional 82,162 shares during the quarter. Geode Capital Management LLC’s holdings in NRG Energy were worth $910,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp grew its stake in NRG Energy by 90.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after buying an additional 85 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in NRG Energy by 321.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after buying an additional 183 shares in the last quarter. BOKF NA grew its stake in NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after buying an additional 260 shares in the last quarter. Hantz Financial Services Inc. grew its stake in NRG Energy by 140.2% in the 4th quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock worth $47,000 after buying an additional 171 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its stake in NRG Energy by 1,970.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NRG shares. Barclays dropped their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings lowered NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. BNP Paribas Exane began coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price target on the stock. Evercore began coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target on the stock. Finally, Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

NRG Energy Stock Performance

NYSE:NRG opened at $134.04 on Friday. The firm has a market cap of $28.28 billion, a PE ratio of 157.69 and a beta of 1.32. NRG Energy, Inc. has a fifty-two week low of $121.22 and a fifty-two week high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The business has a 50 day moving average price of $148.55 and a 200-day moving average price of $156.41.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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 firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s payout ratio is 223.53%.

Insider Activity

In other news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.