Andra AP fonden Cuts Stock Position in NRG Energy, Inc. $NRG

Andra AP fonden lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 62.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 52,751 shares of the utilities provider’s stock after selling 87,949 shares during the period. Andra AP fonden’s holdings in NRG Energy were worth $7,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC bought a new position in NRG Energy in the 1st quarter worth approximately $33,000. Dimensional Fund Advisors LP lifted its holdings in shares of NRG Energy by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock worth $320,145,000 after buying an additional 21,666 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of NRG Energy by 3.0% in the first quarter. Parallel Advisors LLC now owns 2,523 shares of the utilities provider’s stock worth $369,000 after buying an additional 74 shares in the last quarter. Swiss National Bank boosted its position in shares of NRG Energy by 11.6% during the first quarter. Swiss National Bank now owns 591,700 shares of the utilities provider’s stock worth $86,471,000 after acquiring an additional 61,700 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in NRG Energy during the first quarter valued at $706,000. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the sale, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Barclays dropped their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Scotiabank upped their price objective on NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Williams Trading set a $184.00 target price on NRG Energy in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $199.93.

NRG Energy Stock Performance

NYSE NRG opened at $139.81 on Thursday. The business’s 50 day moving average price is $135.24 and its 200-day moving average price is $149.04. 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 market cap of $29.50 billion, a P/E ratio of 164.48 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84.

NRG Energy (NYSE:NRG) last announced 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 firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio is 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.