First Trust Advisors LP Has $46.95 Million Stock Holdings in NRG Energy, Inc. $NRG

First Trust Advisors LP trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 50.5% during the first quarter, Holdings Channel reports. The firm owned 321,284 shares of the utilities provider’s stock after selling 327,241 shares during the quarter. First Trust Advisors LP’s holdings in NRG Energy were worth $46,952,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after buying an additional 4,916,653 shares during the last quarter. Capital World Investors acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $305,817,000. Boston Partners lifted its position in shares of NRG Energy by 124.1% in the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after buying an additional 1,001,672 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after acquiring an additional 734,624 shares during the period. Finally, Merewether Investment Management LP acquired a new position in shares of NRG Energy during the 3rd quarter worth approximately $85,951,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NRG. Scotiabank increased their price target on NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. Finally, Siebert Williams Shank started coverage on shares of NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred 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 sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $141.11 on Monday. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 166.02 and a beta of 1.21. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two 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. The stock has a fifty day moving average price of $135.67 and a 200-day moving average price of $148.73.

NRG Energy (NYSE:NRG) last posted 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 net margin of 0.74% and a return on equity of 70.67%. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same period last year, the firm earned $2.68 EPS. The firm’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. As a group, equities analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company 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 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio is 223.53%.

NRG Energy 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.