Concentric Capital Strategies LP Raises Stake in NRG Energy, Inc. $NRG

Concentric Capital Strategies LP increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 48.1% during the 4th quarter, Holdings Channel reports. The firm owned 73,038 shares of the utilities provider’s stock after acquiring an additional 23,716 shares during the period. Concentric Capital Strategies LP’s holdings in NRG Energy were worth $11,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NRG. Victory Capital Management Inc. grew its position in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Capital World Investors purchased a new position in NRG Energy during the fourth quarter valued at $305,817,000. Boston Partners lifted its stake in NRG Energy by 124.1% in the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of NRG Energy by 492.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after buying an additional 734,624 shares in the last quarter. Finally, Consolidated Press International Holdings Ltd. bought a new position in shares of NRG Energy during the 3rd quarter valued at approximately $98,360,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NRG. Weiss Ratings cut NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. Evercore initiated coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective for the company. BNP Paribas Exane initiated coverage on NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target for the company. Finally, Wolfe Research upgraded 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. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.69.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the transaction, the vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $132.16 on Thursday. The company has a 50 day moving average price of $143.24 and a 200 day moving average price of $153.05. The firm has a market capitalization of $27.89 billion, a P/E ratio of 155.49 and a beta of 1.24. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. 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 (NYSE:NRG) last announced its quarterly earnings data 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). The company had revenue of $10.26 billion for 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%. NRG Energy’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. NRG Energy’s dividend payout ratio is currently 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.