L2 Asset Management LLC Grows Stock Position in NRG Energy, Inc. $NRG

L2 Asset Management LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,323 shares of the utilities provider’s stock after purchasing an additional 4,045 shares during the quarter. L2 Asset Management LLC’s holdings in NRG Energy were worth $2,599,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NRG. Motiv8 Investments LLC purchased a new position in NRG Energy in the fourth quarter worth $27,000. Core Wealth Advisors LLC purchased a new position in NRG Energy in the fourth quarter worth $28,000. Creative Financial Designs Inc. ADV raised its position in NRG Energy by 321.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 183 shares in the last quarter. BOKF NA raised its position in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in NRG Energy by 140.2% in the fourth quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 3.9%

NRG Energy stock opened at $130.35 on Tuesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $27.50 billion, a price-to-earnings ratio of 153.35 and a beta of 1.25. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96. The stock’s fifty day moving average is $144.00 and its two-hundred day moving average is $153.57.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm 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%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company 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 Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on NRG shares. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Wednesday, March 18th. BNP Paribas Exane started coverage on NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Raymond James Financial set a $210.00 price objective on NRG Energy in a research report on Monday, April 27th. Morgan Stanley set a $162.00 price objective on NRG Energy in a research report on Thursday, May 21st. Finally, Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $199.69.

NRG Energy Profile

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.