Ferguson Wellman Capital Management Inc. Increases Stake in NRG Energy, Inc. $NRG

Ferguson Wellman Capital Management Inc. raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,514 shares of the utilities provider’s stock after buying an additional 7,652 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.08% of NRG Energy worth $25,928,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Motiv8 Investments LLC purchased a new position in NRG Energy in the fourth quarter valued at $27,000. MV Capital Management Inc. purchased a new stake in NRG Energy during the 4th quarter worth about $27,000. Core Wealth Advisors LLC purchased a new stake in NRG Energy during the 4th quarter worth about $28,000. EMC Capital Management acquired a new stake in NRG Energy in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NRG shares. Morgan Stanley cut their target price on shares of NRG Energy from $165.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Evercore reiterated an “outperform” rating and set a $195.00 price target on shares of NRG Energy in a report on Wednesday, August 5th. BNP Paribas Exane set a $221.00 price objective on shares of NRG Energy in a report on Wednesday, August 19th. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Finally, Barclays boosted their target price on shares of NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.43.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated 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 represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

NRG Energy Stock Down 2.9%

NRG stock opened at $111.11 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17. NRG Energy, Inc. has a twelve month low of $110.65 and a twelve month high of $189.96. The company’s 50 day moving average is $130.30 and its two-hundred day moving average is $143.54. The stock has a market cap of $23.44 billion, a P/E ratio of 29.39 and a beta of 1.22.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts expect that NRG Energy, Inc. will post 8.6 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy’s payout ratio is presently 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.