Oliver Luxxe Assets LLC Invests $6.46 Million in NRG Energy, Inc. $NRG

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

A number of other hedge funds have also added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in shares of NRG Energy in the fourth quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of NRG Energy during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in NRG Energy during the fourth quarter worth $28,000. EMC Capital Management purchased a new stake in NRG Energy in the 4th quarter valued at $30,000. Finally, SHP Wealth Management bought a new position in NRG Energy during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts have recently commented on NRG shares. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. Morgan Stanley set a $165.00 price objective on shares of NRG Energy in a research note on Wednesday, June 24th. Wells Fargo & Company lifted their target price 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $214.00 price target on shares of NRG Energy in a research report on Thursday. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.43.

NRG Energy Price Performance

NRG opened at $118.30 on Friday. NRG Energy, Inc. has a fifty-two week low of $112.50 and a fifty-two week high of $189.96. The firm has a 50-day moving average of $134.15 and a 200 day moving average of $147.06. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.78 and a current ratio of 0.97. The firm has a market cap of $24.96 billion, a P/E ratio of 31.30 and a beta of 1.22.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.20). The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 EPS. 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 8.58 EPS for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s payout ratio is 50.26%.

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.