NRG Energy, Inc. $NRG Shares Bought by Allstate Corp

Key Points

• Allstate Corp more than doubled its stake in NRG Energy during the fourth quarter, buying 7,426 additional shares to bring its holding to 14,638 shares worth about $2.33 million.
• Institutional interest in NRG remains very high, with several other funds also adding large positions; 97.72% of the stock is owned by institutional investors and hedge funds.
• NRG posted mixed quarterly results, missing EPS expectations but beating revenue estimates, while analysts currently rate the stock Moderate Buy with an average price target of $199.69.

Allstate Corp raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 103.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,638 shares of the utilities provider's stock after buying an additional 7,426 shares during the quarter. Allstate Corp's holdings in NRG Energy were worth $2,331,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC increased its position in NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider's stock worth $141,918,000 after purchasing an additional 734,624 shares during the period. Consolidated Press International Holdings Ltd. acquired a new position in NRG Energy during the 3rd quarter worth approximately $98,360,000. Bessemer Group Inc. grew its stake in shares of NRG Energy by 4,470.7% during the 3rd quarter. Bessemer Group Inc. now owns 614,524 shares of the utilities provider's stock worth $99,521,000 after purchasing an additional 601,079 shares during the period. Merewether Investment Management LP acquired a new position in shares of NRG Energy during the 3rd quarter worth $85,951,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of NRG Energy during the 3rd quarter worth $76,415,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Virginia Kinney sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company's stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NRG. 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 price target on the stock. Morgan Stanley set a $162.00 price target on shares of NRG Energy in a research note on Thursday, May 21st. Evercore initiated coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They set an "outperform" rating and a $215.00 price target on the stock. Weiss Ratings cut NRG Energy from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 7th. Finally, Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $199.69.

NRG Energy Price Performance

NRG Energy stock opened at $137.80 on Friday. NRG Energy, Inc. has a 12-month low of $121.22 and a 12-month high of $189.96. The firm's 50-day moving average is $149.05 and its two-hundred day moving average is $156.57. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $29.07 billion, a P/E ratio of 162.11 and a beta of 1.32.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data 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). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter last year, the business earned $2.68 EPS. NRG Energy's revenue for the quarter was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy's dividend payout ratio (DPR) is currently 223.53%.

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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