11 High Growth Utility Stocks To Invest In Now

6. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 53

Average 5-Year Revenue Growth: 32.14%

NRG Energy, Inc. (NYSE:NRG) was established in 1989 and is based in Houston, Texas. The company generates electricity from coal, oil, natural gas, and solar, supplying it to residential, commercial, industrial, government, and wholesale customers. NRG deals in retail electricity, energy management solutions, HVAC installation and maintenance, surge protection, carbon offset products, and smart home technologies such as professional monitoring and customer support. It is one of the best high growth stocks to invest in, with a 5-year average revenue growth of 32%.

On April 4, Goldman Sachs initiated coverage of NRG Energy, Inc. (NYSE:NRG) with a Buy rating and a price target of $129, citing strong free cash flow, steady dividend growth, and share buybacks. The firm sees upside from potential data center deals and expansion plans that avoid added market risk, highlighting NRG’s solid financial strategy and long-term growth potential.

NRG Energy, Inc. (NYSE:NRG) announced a quarterly dividend of $0.44 per share on its common stock on April 8, which equals $1.76 annually. The dividend will be paid on May 15, to shareholders on record as of May 1.

Among the hedge funds tracked by Insider Monkey in Q4 2024, 53 funds were bullish on NRG Energy, Inc. (NYSE:NRG), compared to 49 funds in the preceding quarter. Paul Singer’s Elliott Management held the biggest stake in NRG, with 4.80 million shares valued at $433 million.