Bank of Nova Scotia Has $4.77 Million Position in NRG Energy, Inc. $NRG

Bank of Nova Scotia lessened its position in shares of NRG Energy, Inc. (NYSE:NRG) by 25.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,645 shares of the utilities provider’s stock after selling 10,972 shares during the quarter. Bank of Nova Scotia’s holdings in NRG Energy were worth $4,771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motiv8 Investments LLC acquired a new position in NRG Energy in the fourth quarter valued at $27,000. MV Capital Management Inc. acquired a new stake in NRG Energy during the 4th quarter worth about $27,000. Core Wealth Advisors LLC bought a new position in shares of NRG Energy in the 4th quarter worth about $28,000. EMC Capital Management acquired a new position in shares of NRG Energy in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management acquired a new position in shares of NRG Energy in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NRG. Wells Fargo & Company increased their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Barclays dropped their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Scotiabank raised their price target on shares of NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Finally, Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a report on Monday, April 27th. One equities research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.93.

NRG Energy Stock Down 3.3%

Shares of NYSE:NRG opened at $136.36 on Tuesday. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The company has a market capitalization of $28.77 billion, a PE ratio of 160.42 and a beta of 1.21. The business has a fifty day moving average price of $135.89 and a two-hundred day moving average price of $148.57. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts forecast that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Dividend Announcement

The business 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 $0.475 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was 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 $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

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.