Bank of New York Mellon Corp Raises Stock Holdings in NRG Energy, Inc. $NRG

Bank of New York Mellon Corp raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,358,495 shares of the utilities provider’s stock after purchasing an additional 57,378 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of NRG Energy worth $198,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in NRG Energy in the fourth quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in NRG Energy during the 4th quarter worth $27,000. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy in the 4th quarter worth about $28,000. EMC Capital Management bought a new stake in shares of NRG Energy in the 4th quarter worth about $30,000. Finally, SHP Wealth Management acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $32,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $129.12 on Friday. NRG Energy, Inc. has a 1-year low of $120.11 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. The business’s fifty day moving average price is $135.32 and its two-hundred day moving average price is $149.66. The firm has a market capitalization of $27.24 billion, a PE ratio of 151.91 and a beta of 1.21.

NRG Energy (NYSE:NRG) last posted its earnings results 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). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the previous year, the business posted $2.68 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts expect that NRG Energy, Inc. will post 8.89 EPS for the current 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 given a $0.475 dividend. The ex-dividend date 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 equities analysts have recently commented on NRG shares. Wells Fargo & Company increased their price target on shares of NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday. Williams Trading set a $184.00 price objective on NRG Energy in a research note on Monday, July 6th. Siebert Williams Shank initiated coverage on NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 target price on the stock. Barclays decreased their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, Scotiabank reiterated an “outperform” rating and issued a $226.00 price target on shares of NRG Energy in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.93.

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.