NewEdge Advisors LLC Trims Position in NRG Energy, Inc. $NRG

NewEdge Advisors LLC lowered its position in NRG Energy, Inc. (NYSE:NRG) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,188 shares of the utilities provider’s stock after selling 18,247 shares during the quarter. NewEdge Advisors LLC’s holdings in NRG Energy were worth $3,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after acquiring an additional 4,916,653 shares in the last quarter. Capital World Investors bought a new position in NRG Energy during the 4th quarter worth about $305,817,000. Boston Partners increased its position in NRG Energy by 124.1% during the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after purchasing an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in shares of NRG Energy by 492.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after purchasing an additional 734,624 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $85,951,000. 97.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NRG. UBS Group cut their price objective on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. Barclays boosted their price target on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Finally, Scotiabank lowered their price target on shares of NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 5th. One 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 company. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.43.

NRG Energy Stock Performance

Shares of NRG stock opened at $120.51 on Thursday. The business has a fifty day moving average of $133.39 and a 200 day moving average of $146.38. NRG Energy, Inc. has a 1 year low of $112.50 and a 1 year high of $189.96. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 31.88 and a beta of 1.22.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 8.42 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 3rd. NRG Energy’s dividend payout ratio is 50.26%.

Insider Transactions at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction on 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 sale, the vice president directly owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

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.