Bessemer Group Inc. Has $95.46 Million Stake in NRG Energy, Inc. $NRG

Bessemer Group Inc. decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 599,454 shares of the utilities provider’s stock after selling 15,070 shares during the quarter. Bessemer Group Inc.’s holdings in NRG Energy were worth $95,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NRG. Brighton Jones LLC raised its stake in NRG Energy by 41.8% in 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in NRG Energy in the 1st quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after purchasing an additional 1,381 shares in the last quarter. Woodline Partners LP raised its stake in NRG Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after purchasing an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in NRG Energy in the 2nd quarter worth about $7,937,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions 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 shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

NRG stock opened at $127.73 on Friday. The company has a 50 day simple moving average of $152.54 and a 200 day simple moving average of $159.07. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 150.27 and a beta of 1.32. NRG Energy, Inc. has a 1 year low of $127.64 and a 1 year high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts anticipate that NRG Energy, Inc. will post 8.94 EPS for the current fiscal year.

NRG Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NRG. Barclays dropped their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings cut shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Morgan Stanley set a $159.00 target price on shares of NRG Energy in a research report on Friday, May 1st. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research report on Monday, April 27th. Finally, BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price for the company. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.46.

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.