Capital Innovations LLC Takes $14.45 Million Position in NRG Energy, Inc. $NRG

Capital Innovations LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, Holdings Channel.com reports. The fund bought 90,744 shares of the utilities provider’s stock, valued at approximately $14,450,000. NRG Energy accounts for 4.1% of Capital Innovations LLC’s portfolio, making the stock its 6th largest position.

Other large investors have also recently made changes to their positions in the company. MidWestOne Financial Group Inc. boosted its stake in shares of NRG Energy by 58.1% during the third 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. Reaves W H & Co. Inc. boosted its stake in shares of NRG Energy by 122.8% during the third 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. Korea Investment CORP boosted its stake in shares of NRG Energy by 13.4% during the third 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. Hiddenite Capital Partners LP boosted its stake in shares of NRG Energy by 28.6% during the fourth 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. Finally, Border to Coast Pensions Partnership Ltd purchased a new stake in shares of NRG Energy during the third quarter valued at $27,003,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent analyst reports. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Wednesday, March 18th. Morgan Stanley set a $162.00 price objective on shares of NRG Energy in a research note on Thursday, May 21st. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.69.

Insider Activity at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction dated 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 sale, the vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $133.44 on Wednesday. The firm has a market cap of $28.15 billion, a price-to-earnings ratio of 156.99 and a beta of 1.24. The firm has a 50-day simple moving average of $147.92 and a two-hundred day simple moving average of $156.11. NRG Energy, Inc. has a one year low of $121.22 and a one year high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84.

NRG Energy (NYSE:NRG) last released 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 firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, May 1st were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is presently 223.53%.

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.