Harvest Fund Management Co. Ltd Buys 7,407 Shares of NRG Energy, Inc. $NRG

Harvest Fund Management Co. Ltd boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 87.3% during the fourth quarter, Holdings Channel reports. The fund owned 15,893 shares of the utilities provider’s stock after acquiring an additional 7,407 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NRG Energy were worth $2,531,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. raised 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 in the last quarter. MidWestOne Financial Group Inc. raised its stake in NRG Energy by 58.1% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock worth $3,238,000 after purchasing an additional 7,344 shares in the last quarter. Korea Investment CORP raised its stake in NRG Energy by 13.4% in the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after purchasing an additional 32,672 shares in the last quarter. Hiddenite Capital Partners LP raised its stake in NRG Energy by 28.6% in the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock worth $14,332,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in NRG Energy by 7.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after purchasing an additional 86,528 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays dropped their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Finally, 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 target price on the stock. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.69.

NRG Energy Price Performance

NRG stock opened at $129.26 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96. The firm has a market cap of $27.27 billion, a P/E ratio of 152.07 and a beta of 1.24. The company’s 50-day moving average price is $146.52 and its two-hundred day moving average price is $155.23.

NRG Energy (NYSE:NRG) last released its 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). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the prior year, the business earned $2.68 earnings per share. NRG Energy’s quarterly 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. On average, analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the firm’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 transaction, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

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.