Fifth Third Bancorp Raises Position in NRG Energy, Inc. $NRG

Fifth Third Bancorp increased its stake in NRG Energy, Inc. (NYSE:NRG) by 260.9% in the first quarter, Holdings Channel reports. The institutional investor owned 53,092 shares of the utilities provider’s stock after acquiring an additional 38,382 shares during the period. Fifth Third Bancorp’s holdings in NRG Energy were worth $7,759,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in shares of NRG Energy by 3.0% during the 4th 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. Sound Income Strategies LLC lifted its stake in NRG Energy by 17.9% in the first quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 69 shares during the last quarter. Independence Bank of Kentucky boosted its position in shares of NRG Energy by 4.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after buying an additional 70 shares during the period. Childress Capital Advisors LLC boosted its position in shares of NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after buying an additional 72 shares during the period. Finally, Hilton Head Capital Partners LLC grew its stake in shares of NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after buying an additional 73 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NRG. Siebert Williams Shank assumed coverage on NRG Energy in a research report on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective on the stock. 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 target price for the company. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a report on Wednesday, June 24th. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a report on Monday, April 27th. Finally, 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 research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and an average price target of $198.73.

Insider Activity at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

NRG Energy Stock Down 0.4%

NYSE:NRG opened at $137.81 on Thursday. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96. The stock has a market capitalization of $29.08 billion, a P/E ratio of 162.13 and a beta of 1.21. 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 company’s 50-day simple moving average is $135.67 and its 200-day simple moving average is $150.00.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.475 per share. 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 payout ratio is currently 223.53%.

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.