LSV Asset Management Reduces Holdings in NRG Energy, Inc. $NRG

Key Points

• LSV Asset Management slashed its NRG Energy stake by 98% in the fourth quarter, selling 446,656 shares and leaving it with just 9,300 shares worth about $1.48 million.
• NRG reported mixed quarterly results: revenue came in above expectations at $10.26 billion and rose 19.5% year over year, but EPS of $1.48 missed analyst estimates of $1.78.
• Analysts remain generally bullish on NRG, with a consensus rating of “Moderate Buy” and an average price target of $199.69, despite the stock recently trading below its 50-day and 200-day moving averages.

LSV Asset Management decreased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 98.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,300 shares of the utilities provider's stock after selling 446,656 shares during the period. LSV Asset Management's holdings in NRG Energy were worth $1,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares during the period. Integrated Wealth Concepts LLC purchased a new position in NRG Energy during the 1st quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NRG Energy by 7.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider's stock valued at $1,934,000 after acquiring an additional 1,381 shares during the period. Woodline Partners LP lifted its position in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider's stock valued at $1,634,000 after acquiring an additional 4,949 shares during the period. Finally, Marshall Wace LLP purchased a new position in NRG Energy during the 2nd quarter valued at about $7,937,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $137.70 on Thursday. The company has a 50 day moving average price of $149.38 and a 200-day moving average price of $156.81. NRG Energy, Inc. has a 52 week low of $121.22 and a 52 week high of $189.96. The firm has a market capitalization of $29.05 billion, a PE ratio of 162.00 and a beta of 1.32. 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 announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). The business 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 business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts expect that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy's payout ratio is 223.53%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Weiss Ratings lowered shares of NRG Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 7th. Morgan Stanley set a $162.00 price objective on shares of NRG Energy in a research note on Thursday, May 21st. BNP Paribas Exane began coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $232.00 price target for the company. Finally, Evercore began coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They issued an "outperform" rating and a $215.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $199.69.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the business'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 transaction of $783,250.00. Following the completion of the sale, the vice president directly owned 55,495 shares in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

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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