Havemeyer Place LP Purchases New Shares in NRG Energy, Inc. $NRG

Havemeyer Place LP purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,302 shares of the utilities provider’s stock, valued at approximately $685,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC acquired a new stake in shares of NRG Energy in the fourth quarter valued at about $28,000. Atlantic Union Bankshares Corp raised its position in shares of NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 85 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of NRG Energy by 321.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 183 shares during the last quarter. BOKF NA lifted its stake in NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in NRG Energy by 140.2% in the 4th quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock worth $47,000 after buying an additional 171 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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 dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

NRG Energy Trading Down 1.1%

Shares of NRG Energy stock opened at $127.83 on Tuesday. 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’s 50 day simple moving average is $146.16 and its 200-day simple moving average is $154.90. The stock has a market cap of $26.97 billion, a P/E ratio of 150.39 and a beta of 1.25. NRG Energy, Inc. has a 1-year low of $121.22 and a 1-year high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS 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 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. NRG Energy’s payout ratio is presently 223.53%.

Analysts Set New Price Targets

Several research firms have commented on NRG. Barclays cut their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Morgan Stanley set a $162.00 price target on NRG Energy in a research note on Thursday, May 21st. BNP Paribas Exane began coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Evercore initiated coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price for the company. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.69.

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.