NRG Energy, Inc. $NRG is Wealth High Governance Capital Ltda's 5th Largest Position

Wealth High Governance Capital Ltda cut its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,698 shares of the utilities provider's stock after selling 68,197 shares during the period. NRG Energy accounts for about 3.8% of Wealth High Governance Capital Ltda's portfolio, making the stock its 5th largest position. Wealth High Governance Capital Ltda's holdings in NRG Energy were worth $12,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Reaves W H & Co. Inc. raised its stake in shares of NRG Energy by 93.5% during the 4th quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider's stock valued at $91,026,000 after buying an additional 276,157 shares during the last quarter. Hiddenite Capital Partners LP grew its holdings in NRG Energy by 28.6% during the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider's stock worth $14,332,000 after acquiring an additional 20,000 shares during the period. BNP Paribas Financial Markets raised 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 valued at $90,522,000 after acquiring an additional 259,113 shares in the last quarter. TimesSquare Capital Management LLC raised its position in NRG Energy by 10.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider's stock valued at $83,315,000 after acquiring an additional 51,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in NRG Energy by 1,799.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 134,520 shares of the utilities provider's stock valued at $21,421,000 after acquiring an additional 127,438 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 0.2%

NRG stock opened at $134.56 on Monday. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The business's 50-day moving average is $135.63 and its 200 day moving average is $148.07. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 158.30 and a beta of 1.21.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.30). The firm 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%. NRG Energy's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 9.7 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.475 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. NRG Energy's dividend payout ratio (DPR) is presently 223.53%.

Analysts Set New Price Targets

Several equities research analysts have commented on NRG shares. Wells Fargo & Company raised their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. BMO Capital Markets lowered their price target 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, July 28th. UBS Group dropped their price target on shares of NRG Energy from $221.00 to $216.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Finally, Scotiabank lifted their price objective on shares of NRG Energy from $223.00 to $226.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $201.79.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction 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 sale, the vice president owned 45,111 shares of the company's stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale 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. Insiders own 0.43% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.