Securian Asset Management Inc. Sells 4,082 Shares of NRG Energy, Inc. $NRG

Securian Asset Management Inc. lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 43.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,211 shares of the utilities provider’s stock after selling 4,082 shares during the period. Securian Asset Management Inc.’s holdings in NRG Energy were worth $830,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Quent Capital LLC bought a new stake in NRG Energy during the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp raised its position in shares of NRG Energy by 90.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 85 shares in the last quarter. BOKF NA lifted its stake in shares of NRG Energy by 3,714.3% during the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in shares of NRG Energy by 1,970.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 335 shares during the last quarter. Finally, First Horizon Corp bought a new stake in NRG Energy during the third quarter valued at about $67,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley set a $159.00 price target on shares of NRG Energy in a research report on Friday, May 1st. Evercore started coverage on shares of NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target on the stock. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Finally, Wolfe Research raised 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 report on Wednesday, March 18th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.46.

NRG Energy Trading Down 4.5%

NRG Energy stock opened at $131.23 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $27.69 billion, a PE ratio of 154.38 and a beta of 1.32. The stock has a 50-day moving average of $153.80 and a two-hundred day moving average of $159.54. NRG Energy, Inc. has a one year low of $129.24 and a one year high of $189.96.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.NRG Energy’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts anticipate that NRG Energy, Inc. will post 8.82 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.475 per share. The ex-dividend date is 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 is presently 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.