Oliver Luxxe Assets LLC Purchases Shares of 44,202 NRG Energy, Inc. $NRG

Oliver Luxxe Assets LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 44,202 shares of the utilities provider’s stock, valued at approximately $6,456,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NRG Energy in the first quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NRG Energy by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after acquiring an additional 1,381 shares during the last quarter. Woodline Partners LP raised its position in shares of NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of NRG Energy in the second quarter worth approximately $7,937,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research report on Wednesday, June 24th. Barclays boosted their price target on shares of NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Finally, UBS Group dropped their target price on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.43.

NRG Energy Price Performance

Shares of NYSE NRG opened at $118.30 on Friday. The firm’s 50-day moving average price is $134.15 and its 200-day moving average price is $147.06. NRG Energy, Inc. has a 1-year low of $112.50 and a 1-year high of $189.96. The firm has a market capitalization of $24.96 billion, a P/E ratio of 31.30 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 0.78 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts anticipate that NRG Energy, Inc. will post 8.58 earnings per share 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 paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is 50.26%.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the sale, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

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.