Legal & General Group Plc Cuts Position in NRG Energy, Inc. $NRG

Key Points

• Legal & General Group Plc reduced its NRG Energy stake by 6.1% in the fourth quarter, selling 59,114 shares and ending with 912,932 shares valued at about $145.4 million.
• NRG Energy reported mixed quarterly results: earnings of $1.48 per share missed estimates, but revenue of $10.26 billion topped expectations and rose 19.5% year over year.
• The company also paid a quarterly dividend of $0.475 per share, while analysts remain broadly positive with a consensus rating of Moderate Buy and a price target of $199.69.

Legal & General Group Plc lessened its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912,932 shares of the utilities provider's stock after selling 59,114 shares during the quarter. Legal & General Group Plc owned about 0.43% of NRG Energy worth $145,375,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NRG. Atlantic Union Bankshares Corp grew its holdings 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 buying an additional 85 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in NRG Energy by 321.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider's stock valued at $38,000 after buying an additional 183 shares in the last quarter. BOKF NA grew its holdings 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 buying an additional 260 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in NRG Energy by 140.2% during the 4th quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider's stock valued at $47,000 after buying an additional 171 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings 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 buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the business's stock in a transaction 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 transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

NRG Energy Stock Down 0.1%

NYSE NRG opened at $137.80 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a fifty day moving average of $149.05 and a two-hundred day moving average of $156.57. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 162.11 and a beta of 1.32. NRG Energy, Inc. has a 52 week low of $121.22 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm had revenue of $10.26 billion for the quarter, compared to analysts' expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts predict that NRG Energy, Inc. will post 8.98 earnings per share 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 dividend of $0.475 per share. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. NRG Energy's payout ratio is presently 223.53%.

Wall Street Analyst Weigh In

NRG has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on NRG Energy in a report on Wednesday, March 18th. They set an "outperform" rating and a $232.00 price target for the company. Barclays lowered their price objective on NRG Energy from $203.00 to $200.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. The Goldman Sachs Group began coverage on NRG Energy in a research note on Friday, March 6th. They issued a "buy" rating and a $197.00 price objective for the company. Evercore started coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an "outperform" rating and a $215.00 price objective for the company. Finally, Zacks Research raised shares of NRG Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $199.69.

NRG Energy 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.

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