NRG Energy, Inc. $NRG Position Trimmed by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 59,875 shares of the utilities provider’s stock after selling 4,264 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NRG Energy were worth $9,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NRG. Atlantic Union Bankshares Corp grew its stake in NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 85 shares in the last quarter. BOKF NA grew its stake in NRG Energy by 3,714.3% during the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in NRG Energy by 1,970.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 335 shares in the last quarter. Root Financial Partners LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $74,000. Finally, Zions Bancorporation National Association UT grew its stake in NRG Energy by 19.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 459 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore assumed coverage on NRG Energy in a research note on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price on the stock. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 price target for the company. Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Jefferies Financial Group reduced their price target on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.69.

NRG Energy Stock Up 2.2%

Shares of NRG Energy stock opened at $136.95 on Friday. The stock has a 50-day simple moving average of $150.44 and a 200-day simple moving average of $157.74. NRG Energy, Inc. has a 52-week low of $121.22 and a 52-week 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 firm has a market cap of $28.89 billion, a price-to-earnings ratio of 161.11 and a beta of 1.32.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts expect that NRG Energy, Inc. will post 8.94 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given 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 yield of 1.4%. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares of the company’s stock, valued at $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 is available through the SEC website. 0.43% of the stock is owned by insiders.

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.