Andra AP fonden Lowers Holdings in NRG Energy, Inc. $NRG

Andra AP fonden lowered its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,751 shares of the utilities provider's stock after selling 14,000 shares during the quarter. Andra AP fonden's holdings in NRG Energy were worth $5,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NRG. Victory Capital Management Inc. raised its stake in NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider's stock worth $1,222,409,000 after buying an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NRG Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider's stock worth $910,324,000 after purchasing an additional 82,162 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in NRG Energy during the second quarter valued at about $473,391,000. Bank of America Corp DE boosted its position in NRG Energy by 16.7% during the first quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider's stock valued at $320,396,000 after purchasing an additional 313,410 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NRG Energy by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider's stock valued at $320,145,000 after purchasing an additional 21,666 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the completion of the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at $751,338.09. This represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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

Several analysts have commented on NRG shares. Morgan Stanley decreased their price target on shares of NRG Energy from $162.00 to $159.00 and set an "equal weight" rating for the company in a research report on Friday, September 18th. Evercore reiterated an "outperform" rating and set a $195.00 price objective on shares of NRG Energy in a research note on Wednesday, August 5th. Scotiabank decreased their target price on shares of NRG Energy from $226.00 to $211.00 and set a "sector outperform" rating for the company in a research report on Wednesday, August 5th. BMO Capital Markets restated a "market perform" rating and issued a $214.00 target price on shares of NRG Energy in a research note on Thursday, August 6th. Finally, Siebert Williams Shank started coverage on shares of NRG Energy in a report on Monday, July 6th. They issued a "buy" rating and a $184.00 price target on the stock. One equities research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.21.

NRG Energy Price Performance

Shares of NRG opened at $100.51 on Thursday. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The company's fifty day moving average price is $119.12 and its 200-day moving average price is $135.62. NRG Energy, Inc. has a 1-year low of $100.13 and a 1-year high of $189.96. The firm has a market capitalization of $21.21 billion, a PE ratio of 26.59 and a beta of 1.18.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts predict that NRG Energy, Inc. will post 8.61 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 3rd. NRG Energy's dividend payout ratio (DPR) is 50.26%.

NRG Energy Company Profile

NRG Energy, Inc is a North American energy and home services company headquartered in Houston, Texas. The company operates through power generation and energy retail businesses, supplying electricity and related services to residential, commercial and industrial customers.

NRG owns and operates a diverse portfolio of power-generation assets, including natural gas, coal, nuclear and renewable facilities. It also sells electricity and natural gas through brands such as Reliant, Direct Energy and Green Mountain Energy, with retail operations serving customers in competitive energy markets across the United States and Canada.

In addition to its energy operations, NRG provides smart-home, security and related connected-home services through its Vivint business.

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