Foster & Motley Inc. Makes New $2.01 Million Investment in NRG Energy, Inc. $NRG

Key Points

• Foster & Motley purchased 13,786 NRG Energy shares worth approximately $2.01 million in the second quarter. Institutional investors collectively own 97.72% of the company.
• NRG’s shares opened at $115.54, down 5.6%, after the company reported quarterly EPS of $1.49, below the $1.69 consensus estimate, despite revenue rising 11% year over year to $7.48 billion.
• NRG declared a quarterly dividend of $0.475 per share, equivalent to a 1.6% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $199.43.

Foster & Motley Inc. purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,786 shares of the utilities provider's stock, valued at approximately $2,014,000.

Other hedge funds also recently bought and sold shares of the company. Reaves W H & Co. Inc. grew its holdings in shares of NRG Energy by 93.5% during the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider's stock worth $91,026,000 after buying an additional 276,157 shares in the last quarter. Hiddenite Capital Partners LP lifted its stake in shares of NRG Energy by 28.6% during the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider's stock valued at $14,332,000 after buying an additional 20,000 shares during the period. BNP Paribas Financial Markets boosted its position in NRG Energy by 83.8% during the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider's stock worth $90,522,000 after acquiring an additional 259,113 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in NRG Energy by 10.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider's stock worth $83,315,000 after acquiring an additional 51,360 shares during the period. Finally, Tema ETFs LLC grew its stake in NRG Energy by 1,481.8% in the 2nd quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider's stock worth $8,726,000 after acquiring an additional 55,968 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the firm's stock in a transaction dated 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 transaction, the vice president directly owned 45,111 shares in the company, 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company's stock.

NRG Energy Stock Down 5.6%

Shares of NRG Energy stock opened at $115.54 on Wednesday. NRG Energy, Inc. has a twelve month low of $112.50 and a twelve month high of $189.96. The stock has a market cap of $24.38 billion, a price-to-earnings ratio of 30.57 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17. The company has a fifty day moving average price of $132.67 and a 200 day moving average price of $145.49.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the business earned $1.73 EPS. The firm's revenue was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.42 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy's dividend payout ratio is currently 50.26%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NRG shares. BMO Capital Markets restated a "market perform" rating and set a $214.00 price objective on shares of NRG Energy in a report on Thursday, August 6th. Morgan Stanley set a $165.00 target price on NRG Energy in a research report on Wednesday, June 24th. Weiss Ratings lowered NRG Energy from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 3rd. Barclays lifted their price target on NRG Energy from $200.00 to $204.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Finally, Siebert Williams Shank initiated coverage on shares of NRG Energy in a report on Monday, July 6th. They set a "buy" rating and a $184.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.43.

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.

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