Northwestern Mutual Wealth Management Co. Has $52.13 Million Holdings in NRG Energy, Inc. $NRG

Northwestern Mutual Wealth Management Co. grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4,522.3% in the 4th quarter, HoldingsChannel reports. The fund owned 327,353 shares of the utilities provider’s stock after purchasing an additional 320,271 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in NRG Energy were worth $52,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of NRG Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after buying an additional 82,162 shares in the last quarter. Invesco Ltd. raised its position in shares of NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after buying an additional 31,238 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NRG Energy by 42.7% in the third quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock valued at $221,671,000 after buying an additional 409,776 shares in the last quarter. Schroder Investment Management Group raised its position in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after buying an additional 86,528 shares in the last quarter. Finally, UBS Group AG raised its position in shares of NRG Energy by 47.8% in the third quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock valued at $155,307,000 after buying an additional 309,989 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NRG. Morgan Stanley set a $162.00 price target on shares of NRG Energy in a research report on Thursday, May 21st. Barclays dropped their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target for the company. Weiss Ratings downgraded shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.69.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $134.04 on Friday. The company’s 50 day simple moving average is $148.55 and its 200 day simple moving average is $156.41. The stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 157.69 and a beta of 1.32. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. NRG Energy, Inc. has a 1 year low of $121.22 and a 1 year high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued 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 related news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.