Intech Investment Management LLC Trims Stock Position in NRG Energy, Inc. $NRG

Intech Investment Management LLC cut its stake in NRG Energy, Inc. (NYSE:NRG) by 95.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,954 shares of the utilities provider’s stock after selling 186,684 shares during the period. Intech Investment Management LLC’s holdings in NRG Energy were worth $1,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MidWestOne Financial Group Inc. increased its holdings in NRG Energy by 58.1% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock valued at $3,238,000 after purchasing an additional 7,344 shares in the last quarter. Reaves W H & Co. Inc. increased its holdings in NRG Energy by 122.8% in the 3rd quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock valued at $47,852,000 after purchasing an additional 162,874 shares in the last quarter. Korea Investment CORP increased its holdings in NRG Energy by 13.4% in the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after purchasing an additional 32,672 shares in the last quarter. Hiddenite Capital Partners LP grew its stake in shares of NRG Energy by 28.6% in the fourth quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after buying an additional 20,000 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after buying an additional 86,528 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on NRG. Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. BNP Paribas Exane began coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price target on the stock. Evercore began coverage on NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target on the stock. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 price target on the stock. Finally, Raymond James Financial set a $210.00 price target on NRG Energy in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.69.

NRG Energy Stock Performance

NRG Energy stock opened at $129.26 on Friday. The stock’s 50 day moving average price is $146.52 and its 200 day moving average price is $155.23. The firm has a market capitalization of $27.27 billion, a PE ratio of 152.07 and a beta of 1.24. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. NRG Energy, Inc. has a one year low of $121.22 and a one year high of $189.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same period last year, the firm posted $2.68 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is presently 223.53%.

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.