Jupiter Asset Management Ltd. Trims Stock Position in NRG Energy, Inc. $NRG

Jupiter Asset Management Ltd. lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,249 shares of the utilities provider’s stock after selling 12,148 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in NRG Energy were worth $27,747,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of NRG Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after buying an additional 82,162 shares during the last quarter. Invesco Ltd. lifted its position in shares of NRG Energy by 0.6% during the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after buying an additional 31,238 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of NRG Energy by 42.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock valued at $221,671,000 after acquiring an additional 409,776 shares during the period. Schroder Investment Management Group increased its holdings in shares of NRG Energy by 7.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after acquiring an additional 86,528 shares during the period. Finally, UBS Group AG increased its holdings in shares of NRG Energy by 47.8% in the 3rd quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock valued at $155,307,000 after acquiring an additional 309,989 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG opened at $134.04 on Friday. 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 capitalization of $28.28 billion, a P/E ratio of 157.69 and a beta of 1.32. The company’s fifty day moving average is $148.55 and its two-hundred day moving average is $156.41. NRG Energy, Inc. has a 1 year low of $121.22 and a 1 year high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) 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 analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. NRG Energy’s dividend payout ratio is 223.53%.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NRG shares. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Evercore started coverage on shares of NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price on the stock. Weiss Ratings cut shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Wednesday, March 18th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.69.

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.