XTX Topco Ltd Has $1.52 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Key Points

• XTX Topco Ltd has increased its stake in NRG Energy, Inc. by 84% in Q1, owning 15,943 shares valued at approximately $1.52 million as of the latest SEC filing.
• Several institutional investors, including Federated Hermes Inc. and LPL Financial LLC, have made significant purchases of NRG Energy shares, which now sees institutional ownership at 97.72%.
• NRG Energy reported a strong quarter with earnings per share of $2.62, exceeding estimates, and announced a quarterly dividend of $0.44 per share, with a yield of 1.1%.

XTX Topco Ltd raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 84.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,943 shares of the utilities provider's stock after purchasing an additional 7,276 shares during the quarter. XTX Topco Ltd's holdings in NRG Energy were worth $1,522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NRG. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $214,000. CIBC Private Wealth Group LLC grew its holdings in shares of NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of NRG Energy by 22.1% in the 4th quarter. Clearbridge Investments LLC now owns 41,221 shares of the utilities provider's stock valued at $3,719,000 after acquiring an additional 7,469 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of NRG Energy by 13.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,782 shares of the utilities provider's stock valued at $1,334,000 after acquiring an additional 1,726 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG stock traded up $6.41 during mid-day trading on Monday, hitting $174.04. 3,143,334 shares of the company were exchanged, compared to its average volume of 3,199,240. The business has a 50 day simple moving average of $155.33 and a 200-day simple moving average of $124.35. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The stock has a market capitalization of $34.03 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $174.45.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period last year, the business posted $2.31 earnings per share. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 1st. NRG Energy's payout ratio is presently 28.39%.

Insider Buying and Selling at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NRG. Citigroup raised their price objective on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Raymond James Financial assumed coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. Guggenheim lifted their price target on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Barclays set a $197.00 price target on NRG Energy and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $160.30.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.