Bank of Hawaii Cuts Position in NRG Energy, Inc. $NRG

Bank of Hawaii reduced its position in NRG Energy, Inc. (NYSE:NRG) by 74.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,842 shares of the utilities provider’s stock after selling 14,076 shares during the period. Bank of Hawaii’s holdings in NRG Energy were worth $771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MV Capital Management Inc. purchased a new position in NRG Energy in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in NRG Energy during the fourth quarter worth approximately $27,000. Core Wealth Advisors LLC purchased a new stake in NRG Energy during the fourth quarter worth approximately $28,000. Creative Financial Designs Inc. ADV increased its position in shares of NRG Energy by 321.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 183 shares in the last quarter. Finally, BOKF NA increased its position in shares of NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 0.1%

NYSE:NRG opened at $135.13 on Friday. The firm has a market capitalization of $28.51 billion, a P/E ratio of 158.98 and a beta of 1.24. The business has a 50 day simple moving average of $142.38 and a 200 day simple moving average of $152.69. 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, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96.

NRG Energy (NYSE:NRG) last issued its earnings results 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 company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.NRG Energy’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.4%. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NRG shares. Evercore initiated coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price on the stock. Morgan Stanley set a $162.00 price target on NRG Energy in a report on Thursday, May 21st. BNP Paribas Exane started coverage on NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective on the stock. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. Finally, Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.69.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’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 completion of the transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. 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. 0.43% of the stock is currently owned by corporate insiders.

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.