Goldman Sachs Value Stocks: Top 5 Stock Picks

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

Number of Hedge Fund Holders: 29

Goldman Sachs’ Stake Value: $3,035,643,000

P/E Ratio as of November 10: 5.41

NRG Energy, Inc. (NYSE:NRG) is a Texas-based integrated power company that generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The company serves residential, commercial, industrial, and wholesale customers. It is one of the top Goldman Sachs value stocks to invest in. Goldman Sachs, in the second quarter of 2022, held 28.2 million shares of NRG Energy, Inc. (NYSE:NRG) worth over $3 billion, representing 0.68% of the total portfolio. 

On October 21, NRG Energy, Inc. (NYSE:NRG) declared a $0.35 per share quarterly dividend, in line with previous. The dividend is distributable on November 15, to shareholders of record on November 1. The dividend yield on November 10 came in at 3.28%. 

According to Insider Monkey’s data, 29 hedge funds held stakes worth $1.3 billion in NRG Energy, Inc. (NYSE:NRG) at the end of June 2022, compared to 31 funds in the last quarter worth $1.5 billion. Richard S. Pzena’s Pzena Investment Management is the largest stakeholder of the company, with 16.5 million shares valued at $631 million.