Gateway Wealth Partners LLC Acquires New Holdings in NRG Energy, Inc. $NRG

Gateway Wealth Partners LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,156 shares of the utilities provider’s stock, valued at approximately $754,000.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after buying an additional 4,916,653 shares during the period. Capital World Investors bought a new stake in shares of NRG Energy in the fourth quarter worth $305,817,000. Boston Partners grew its holdings in shares of NRG Energy by 124.1% in the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after acquiring an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC increased its position in NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after acquiring an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP bought a new position in NRG Energy in the third quarter valued at about $85,951,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG opened at $123.96 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The business has a 50-day simple moving average of $135.76 and a two-hundred day simple moving average of $148.28. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 145.83 and a beta of 1.21. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG) last posted 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%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts expect that NRG Energy, Inc. will post 8.8 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.5%. NRG Energy’s payout ratio is currently 223.53%.

Wall Street Analyst Weigh In

NRG has been the topic of several research reports. Barclays raised their target price on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. BMO Capital Markets dropped their price objective on shares of NRG Energy from $213.00 to $212.00 and set a “market perform” rating on the stock in a report on Tuesday. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Finally, Williams Trading set a $184.00 target price on shares of NRG Energy in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.79.

Insider Buying and Selling at NRG Energy

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