Assetmark Inc. Sells 19,293 Shares of NRG Energy, Inc. $NRG

Assetmark Inc. trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 561,461 shares of the utilities provider’s stock after selling 19,293 shares during the quarter. Assetmark Inc.’s holdings in NRG Energy were worth $82,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of NRG Energy in the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new position in shares of NRG Energy in the 4th quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in NRG Energy during the fourth quarter worth approximately $28,000. EMC Capital Management bought a new stake in NRG Energy in the fourth quarter valued at approximately $30,000. Finally, SHP Wealth Management acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE NRG opened at $132.81 on Friday. The firm has a 50-day moving average price of $135.50 and a two-hundred day moving average price of $149.80. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The company has a market capitalization of $28.02 billion, a P/E ratio of 156.25 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the prior year, the business posted $2.68 earnings per share. The firm’s revenue for the quarter 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. Analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the transaction, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NRG has been the topic of a number of recent analyst reports. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Scotiabank reiterated an “outperform” rating and issued a $226.00 price objective on shares of NRG Energy in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays cut their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.93.

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.