Andra AP fonden Cuts Stake in NRG Energy, Inc. $NRG

Andra AP fonden trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 62.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,751 shares of the utilities provider’s stock after selling 87,949 shares during the period. Andra AP fonden’s holdings in NRG Energy were worth $7,709,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after buying an additional 4,916,653 shares during the last quarter. Capital World Investors bought a new position in shares of NRG Energy during the fourth quarter valued at about $305,817,000. Boston Partners boosted its holdings in shares of NRG Energy by 124.1% during the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC grew its stake in shares of NRG Energy by 492.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after purchasing an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new position in NRG Energy during the 3rd quarter valued at about $85,951,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG opened at $139.81 on Thursday. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96. The firm’s 50-day simple moving average is $135.24 and its two-hundred day simple moving average is $149.04. The stock has a market cap of $29.50 billion, a PE ratio of 164.48 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the prior year, the firm earned $2.68 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research report on Monday, April 27th. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research note on Wednesday, June 24th. Siebert Williams Shank began coverage on shares of NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 price target on the stock. Finally, Scotiabank increased their price target on shares of NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.93.

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.