Bank of New York Mellon Corp Has $207.19 Million Position in NRG Energy, Inc. $NRG

Bank of New York Mellon Corp reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 20.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,301,117 shares of the utilities provider’s stock after selling 341,094 shares during the period. Bank of New York Mellon Corp’s holdings in NRG Energy were worth $207,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after purchasing an additional 82,162 shares during the period. Invesco Ltd. raised its holdings in NRG Energy by 0.6% during the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after buying an additional 31,238 shares during the period. Ameriprise Financial Inc. raised its holdings in NRG Energy by 42.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock worth $221,671,000 after buying an additional 409,776 shares during the period. Schroder Investment Management Group increased its holdings in NRG Energy by 7.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after purchasing an additional 86,528 shares in the last quarter. Finally, UBS Group AG increased its holdings in NRG Energy by 47.8% during the 3rd quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock worth $155,307,000 after purchasing an additional 309,989 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 3.1%

Shares of NRG Energy stock opened at $129.26 on Friday. The firm has a 50-day moving average of $146.52 and a 200-day moving average of $155.23. The stock has a market cap of $27.27 billion, a PE ratio of 152.07 and a beta of 1.24. NRG Energy, Inc. has a 52-week low of $121.22 and a 52-week high of $189.96. 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 announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is presently 223.53%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore assumed coverage on NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price for the company. Raymond James Financial set a $210.00 price target on NRG Energy in a research report on Monday, April 27th. Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Morgan Stanley set a $162.00 price target on NRG Energy in a research report on Thursday, May 21st. Finally, Weiss Ratings cut shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.69.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.

NRG Energy Company Profile

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.