Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $548,000 Position in NRG Energy, Inc. $NRG

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,750 shares of the utilities provider’s stock, valued at approximately $548,000.

A number of other large investors have also recently made changes to their positions in NRG. Reaves W H & Co. Inc. grew its stake in shares of NRG Energy by 93.5% during the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock worth $91,026,000 after purchasing an additional 276,157 shares in the last quarter. Hiddenite Capital Partners LP raised its stake in NRG Energy by 28.6% in the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after buying an additional 20,000 shares in the last quarter. Korea Investment CORP lifted its holdings in NRG Energy by 13.4% during the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after buying an additional 32,672 shares during the last quarter. Schroder Investment Management Group lifted 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 buying an additional 86,528 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of NRG Energy by 33.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 66,483 shares of the utilities provider’s stock worth $10,767,000 after acquiring an additional 16,545 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction on 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 directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NRG. Morgan Stanley set a $165.00 target price on NRG Energy in a research report on Wednesday, June 24th. Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Williams Trading set a $184.00 price target on shares of NRG Energy in a research note on Monday. Barclays cut their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a research report on Monday. They set a “buy” rating and a $184.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.80.

NRG Energy Trading Up 3.2%

NRG opened at $141.01 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. The business’s 50 day moving average is $137.99 and its two-hundred day moving average is $150.84. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 165.89 and a beta of 1.21.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. NRG Energy’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.475 per share. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.3%. NRG Energy’s dividend payout ratio is currently 223.53%.

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.