Mediolanum International Funds Ltd Takes $12.81 Million Position in NRG Energy, Inc. $NRG

Key Points

• Mediolanum International Funds Ltd opened a new position in NRG Energy during the first quarter, buying 90,682 shares worth about $12.81 million.
• Other institutional investors also increased their NRG stakes, and institutions now own 97.72% of the company’s stock.
• Wall Street remains broadly upbeat on NRG, with an average rating of “Moderate Buy” and a consensus price target of $199.93, while recent earnings missed profit estimates even as revenue topped expectations.

Mediolanum International Funds Ltd bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 90,682 shares of the utilities provider's stock, valued at approximately $12,807,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NRG. ANB Bank lifted its stake in NRG Energy by 5.5% in the 1st quarter. ANB Bank now owns 3,374 shares of the utilities provider's stock worth $493,000 after purchasing an additional 175 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of NRG Energy by 3.5% during the 1st quarter. California Public Employees Retirement System now owns 335,539 shares of the utilities provider's stock valued at $49,036,000 after purchasing an additional 11,405 shares during the last quarter. Kera Capital Partners Inc. grew its position in shares of NRG Energy by 16.9% during the first quarter. Kera Capital Partners Inc. now owns 1,829 shares of the utilities provider's stock valued at $267,000 after purchasing an additional 264 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of NRG Energy by 2.1% in the first quarter. Bessemer Group Inc. now owns 612,079 shares of the utilities provider's stock worth $89,449,000 after purchasing an additional 12,625 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of NRG Energy by 93.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 237,190 shares of the utilities provider's stock worth $35,555,000 after purchasing an additional 114,461 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research reports. Siebert Williams Shank initiated coverage on NRG Energy in a research note on Monday, July 6th. They set a "buy" rating and a $184.00 price target for the company. Wells Fargo & Company lifted their price objective on NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a research note on Thursday. Raymond James Financial set a $210.00 price objective on NRG Energy in a report on Monday, April 27th. Weiss Ratings upgraded NRG Energy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. Finally, Barclays cut their target price on shares of NRG Energy from $203.00 to $200.00 and set an "overweight" rating for the company in a report on Tuesday, March 31st. One investment 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 company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and an average price target of $199.93.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

NRG Energy Stock Up 0.0%

NYSE NRG opened at $129.12 on Monday. 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 52 week low of $120.11 and a 52 week high of $189.96. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 151.91 and a beta of 1.21. The company has a fifty day moving average of $135.32 and a two-hundred day moving average of $149.58.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm had revenue of $10.26 billion during 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 company's revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

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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