Legal & General Group Plc Reduces Stock Position in NRG Energy, Inc. $NRG

Legal & General Group Plc lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 912,932 shares of the utilities provider’s stock after selling 59,114 shares during the quarter. Legal & General Group Plc’s holdings in NRG Energy were worth $145,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp raised its position in NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 85 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings 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 valued at $38,000 after acquiring an additional 183 shares in the last quarter. BOKF NA raised its holdings 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 valued at $43,000 after acquiring an additional 260 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of NRG Energy by 140.2% in the fourth quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 171 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 335 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This represents a 8.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NRG. Morgan Stanley set a $162.00 price objective on NRG Energy in a report on Thursday, May 21st. Raymond James Financial set a $210.00 price objective on NRG Energy in a report on Monday, April 27th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. BNP Paribas Exane began coverage on NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Finally, Evercore started coverage on NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.69.

NRG Energy Trading Down 0.1%

NRG opened at $137.80 on Friday. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 162.11 and a beta of 1.32. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96. The stock has a fifty day moving average price of $149.05 and a 200-day moving average price of $156.57.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS 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 the consensus estimate of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s payout ratio is presently 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.