Pacer Advisors Inc. Sells 2,554,570 Shares of NRG Energy, Inc. $NRG

Pacer Advisors Inc. trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 99.6% in the first quarter, HoldingsChannel reports. The firm owned 10,616 shares of the utilities provider’s stock after selling 2,554,570 shares during the period. Pacer Advisors Inc.’s holdings in NRG Energy were worth $1,551,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NRG. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a report on Wednesday, June 24th. Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Barclays raised their price objective on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, UBS Group lowered their target price on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.43.

NRG Energy Trading Down 0.6%

NYSE:NRG opened at $118.30 on Friday. The stock has a market capitalization of $24.96 billion, a PE ratio of 31.30 and a beta of 1.22. NRG Energy, Inc. has a 12 month low of $112.50 and a 12 month high of $189.96. The company has a current ratio of 0.97, a quick ratio of 0.78 and a debt-to-equity ratio of 5.17. The firm’s 50 day moving average is $134.15 and its 200 day moving average is $147.06.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. NRG Energy’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 8.58 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s payout ratio is currently 50.26%.

Insider Activity

In related 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 completion of the transaction, the vice president directly owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The sale 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 Company 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.