NRG Energy, Inc. $NRG Shares Sold by Renaissance Group LLC

Renaissance Group LLC reduced its position in NRG Energy, Inc. (NYSE:NRG) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,082 shares of the utilities provider’s stock after selling 9,120 shares during the period. Renaissance Group LLC’s holdings in NRG Energy were worth $32,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Reaves W H & Co. Inc. grew its holdings in shares of NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares during the period. MidWestOne Financial Group Inc. grew its holdings in shares of NRG Energy by 58.1% in the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock valued at $3,238,000 after purchasing an additional 7,344 shares during the period. Hiddenite Capital Partners LP grew its holdings in shares of NRG Energy by 28.6% in the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after purchasing an additional 20,000 shares during the period. Korea Investment CORP grew its holdings in shares of NRG Energy by 13.4% in the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after purchasing an additional 32,672 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after purchasing an additional 86,528 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NRG. Evercore began coverage on shares of NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective for the company. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Weiss Ratings lowered shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.69.

Insider Activity

In other news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

NRG Energy Trading Down 7.2%

NYSE NRG opened at $120.61 on Thursday. The firm’s 50-day moving average is $145.39 and its two-hundred day moving average is $154.34. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $25.45 billion, a P/E ratio of 141.89 and a beta of 1.24.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same period in the previous year, the company earned $2.68 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is currently 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.