Saudi Central Bank Acquires 6,821 Shares of NRG Energy, Inc. $NRG

Saudi Central Bank grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 91.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,268 shares of the utilities provider’s stock after buying an additional 6,821 shares during the quarter. Saudi Central Bank’s holdings in NRG Energy were worth $2,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. MV Capital Management Inc. acquired 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 position in shares of NRG Energy during the fourth quarter worth approximately $28,000. EMC Capital Management bought a new stake in shares of NRG Energy during 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. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 0.5%

NYSE:NRG opened at $118.47 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17. NRG Energy, Inc. has a 1-year low of $108.34 and a 1-year high of $189.96. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 31.34 and a beta of 1.18. The business’s 50-day moving average price is $126.60 and its two-hundred day moving average price is $141.21.

NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.NRG Energy’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 8.6 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy’s dividend payout ratio is presently 50.26%.

Analyst Ratings Changes

NRG has been the topic of several research reports. Scotiabank reduced their price objective on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Siebert Williams Shank started coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. Weiss Ratings upgraded NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, Williams Trading set a $184.00 price objective on NRG Energy in a research report on Monday, July 6th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.43.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the 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 in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.