BI Asset Management Fondsmaeglerselskab A S Sells 18,091 Shares of NRG Energy, Inc. $NRG

BI Asset Management Fondsmaeglerselskab A S decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 62.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,701 shares of the utilities provider's stock after selling 18,091 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in NRG Energy were worth $1,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in NRG Energy in the 4th quarter worth about $28,000. Creative Financial Designs Inc. ADV grew its position in NRG Energy by 321.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider's stock worth $38,000 after purchasing an additional 183 shares in the last quarter. BOKF NA grew its position in NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider's stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Hantz Financial Services Inc. grew its position in NRG Energy by 140.2% in the 4th quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider's stock worth $47,000 after purchasing an additional 171 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in NRG Energy by 1,970.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider's stock worth $57,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Up 1.6%

NRG Energy stock opened at $129.81 on Wednesday. NRG Energy, Inc. has a twelve month low of $121.22 and a twelve month high of $189.96. The firm has a 50 day moving average price of $145.80 and a 200-day moving average price of $154.63. The company has a market capitalization of $27.39 billion, a P/E ratio of 152.72 and a beta of 1.24. 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 - Get Free Report) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share 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 net margin of 0.74% and a return on equity of 70.67%. The firm's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors 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 1.5%. NRG Energy's dividend payout ratio (DPR) is 223.53%.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the transaction, the vice president directly owned 55,495 shares of the company's stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, March 6th. They issued a "buy" rating and a $197.00 price objective for the company. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They set an "outperform" rating and a $232.00 target price for the company. Finally, Weiss Ratings downgraded shares of NRG Energy from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, May 7th. One 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's stock. According to MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $199.69.

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.

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