Hsbc Holdings PLC Sells 20,649 Shares of NRG Energy, Inc. $NRG

Hsbc Holdings PLC decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 483,195 shares of the utilities provider’s stock after selling 20,649 shares during the period. Hsbc Holdings PLC’s holdings in NRG Energy were worth $77,070,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NRG. Reaves W H & Co. Inc. raised its position in shares of NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares during the period. Hiddenite Capital Partners LP raised its holdings in NRG Energy by 28.6% in the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock worth $14,332,000 after acquiring an additional 20,000 shares during the period. Korea Investment CORP boosted its holdings in NRG Energy by 13.4% during the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after acquiring an additional 32,672 shares during the period. Schroder Investment Management Group grew its position in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after purchasing an additional 86,528 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its stake in shares of NRG Energy by 33.1% in the third quarter. Swiss Life Asset Management Ltd now owns 66,483 shares of the utilities provider’s stock worth $10,767,000 after purchasing an additional 16,545 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 0.1%

Shares of NRG Energy stock opened at $136.55 on Friday. The firm has a market capitalization of $28.81 billion, a PE ratio of 160.65 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company’s fifty day moving average price is $138.26 and its two-hundred day moving average price is $151.04. NRG Energy, Inc. has a 52-week low of $120.11 and a 52-week high of $189.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings data 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 return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the previous year, the business posted $2.68 earnings per share. NRG Energy’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. On average, analysts expect that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 1.4%. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NRG shares. Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday, June 24th. BNP Paribas Exane initiated coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective on the stock. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Wednesday, March 18th. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Barclays cut 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.92.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on 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 directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.