Pacer Advisors Inc. Has $1.55 Million Holdings in NRG Energy, Inc. $NRG

Key Points

• Pacer Advisors cut its NRG Energy position by 99.6% in the first quarter, selling 2.55 million shares and retaining 10,616 shares worth approximately $1.55 million. Institutional investors collectively own 97.72% of the company.
• Analysts remain generally bullish, with NRG carrying a consensus “Moderate Buy” rating and an average price target of $199.43, despite recent target reductions from some firms.
• NRG’s latest quarterly earnings missed expectations, with EPS of $1.49 versus the $1.69 consensus, although revenue rose 11% year over year to $7.48 billion. The company also declared a quarterly dividend of $0.475 per share, representing a 1.6% annualized yield.

Pacer Advisors Inc. cut its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 99.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,616 shares of the utilities provider's stock after selling 2,554,570 shares during the quarter. Pacer Advisors Inc.'s holdings in NRG Energy were worth $1,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. McIlrath & Eck LLC increased its position in NRG Energy by 3.0% during the fourth quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider's stock worth $376,000 after acquiring an additional 68 shares during the period. Sound Income Strategies LLC grew its position in NRG Energy by 17.9% in the first quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 69 shares during the last quarter. Childress Capital Advisors LLC raised its stake in NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider's stock worth $301,000 after acquiring an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC lifted its holdings in shares of NRG Energy by 50.0% in the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider's stock worth $32,000 after acquiring an additional 73 shares during the last quarter. Finally, WT Wealth Management grew its holdings in shares of NRG Energy by 5.4% during the 4th quarter. WT Wealth Management now owns 1,435 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 74 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Activity at NRG Energy

In other 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 transaction of $2,550,400.00. Following the completion of the sale, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NRG shares. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. Scotiabank cut 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. Evercore restated an "outperform" rating and set a $195.00 price objective on shares of NRG Energy in a research report on Wednesday. Finally, UBS Group dropped their target price on NRG Energy from $221.00 to $216.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.43.

NRG Energy Stock Down 0.6%

Shares of NRG opened at $118.30 on Friday. The stock's 50-day moving average price is $134.15 and its two-hundred day moving average price is $147.06. NRG Energy, Inc. has a 12 month low of $112.50 and a 12 month high of $189.96. The company has a market capitalization of $24.96 billion, a PE ratio of 31.30 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 0.78 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). The company had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.NRG Energy's revenue was up 11.0% compared to the same quarter last year. During the same quarter last 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, analysts anticipate that NRG Energy, Inc. will post 8.58 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.475 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.6%. NRG Energy's payout ratio is 50.26%.

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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