United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 123,721 Shares of NRG Energy, Inc. $NRG

Key Points

• United Super Pty Ltd sharply increased its NRG Energy stake by 1,213% in the fourth quarter, ending with 133,921 shares worth about $21.3 million.
• Several other institutional investors also boosted or initiated positions in NRG, and institutions now own 97.72% of the company’s shares.
• NRG’s latest quarterly results were mixed: it missed EPS expectations at $1.48 vs. $1.78, but revenue came in above estimates at $10.26 billion. Analysts currently rate the stock a Moderate Buy with an average price target of $199.69.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,213.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,921 shares of the utilities provider's stock after purchasing an additional 123,721 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of NRG Energy worth $21,326,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. increased its holdings in NRG Energy by 122.8% during the 3rd quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider's stock valued at $47,852,000 after purchasing an additional 162,874 shares during the period. MidWestOne Financial Group Inc. increased its holdings in NRG Energy by 58.1% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider's stock valued at $3,238,000 after purchasing an additional 7,344 shares during the period. Hiddenite Capital Partners LP increased its holdings in NRG Energy by 28.6% during the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider's stock valued at $14,332,000 after purchasing an additional 20,000 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new position in NRG Energy during the 3rd quarter valued at about $27,003,000. Finally, Korea Investment CORP increased its holdings in NRG Energy by 13.4% during the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider's stock valued at $44,865,000 after purchasing an additional 32,672 shares during the period. Institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NRG shares. Weiss Ratings downgraded NRG Energy from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 7th. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Morgan Stanley set a $162.00 target price on NRG Energy in a report on Thursday, May 21st. Evercore started coverage on NRG Energy in a report on Wednesday, February 25th. They set an "outperform" rating and a $215.00 target price on the stock. Finally, Wolfe Research upgraded NRG Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.69.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

NRG Energy Stock Performance

NRG Energy stock opened at $137.80 on Friday. 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 company has a market capitalization of $29.07 billion, a P/E ratio of 162.11 and a beta of 1.32. The stock's 50 day moving average is $149.05 and its 200 day moving average is $156.57. NRG Energy, Inc. has a twelve month low of $121.22 and a twelve month high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly 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 company had revenue of $10.26 billion during the quarter, compared to analysts' expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter 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, equities research analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

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.

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG - Free Report).

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.