Tredje AP fonden Reduces Stock Holdings in NRG Energy, Inc. $NRG

Tredje AP fonden cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,149 shares of the utilities provider’s stock after selling 5,640 shares during the period. Tredje AP fonden’s holdings in NRG Energy were worth $3,049,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC boosted its stake in NRG Energy by 492.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after buying an additional 734,624 shares during the last quarter. Consolidated Press International Holdings Ltd. acquired a new stake in shares of NRG Energy in the third quarter worth approximately $98,360,000. Bessemer Group Inc. grew its holdings in NRG Energy by 4,470.7% in the third quarter. Bessemer Group Inc. now owns 614,524 shares of the utilities provider’s stock valued at $99,521,000 after purchasing an additional 601,079 shares during the period. Merewether Investment Management LP purchased a new position in NRG Energy during the third quarter worth approximately $85,951,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at $76,415,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NRG. 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. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Wednesday, March 18th. Wells Fargo & Company increased 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. Weiss Ratings downgraded shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Finally, Evercore began coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.46.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president directly owned 55,495 shares in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

NRG Energy Stock Down 1.3%

NRG stock opened at $123.91 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The firm has a 50 day simple moving average of $151.23 and a 200-day simple moving average of $158.26. The company has a market capitalization of $26.14 billion, a P/E ratio of 145.77 and a beta of 1.32. NRG Energy, Inc. has a twelve month low of $121.22 and a twelve month high of $189.96.

NRG Energy (NYSE:NRG) last posted 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). The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts predict that NRG Energy, Inc. will post 8.94 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 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.