Franklin Resources Inc. Has $1.11 Billion Stock Position in NRG Energy, Inc. $NRG

Franklin Resources Inc. reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,000,155 shares of the utilities provider’s stock after selling 870,601 shares during the quarter. Franklin Resources Inc.’s holdings in NRG Energy were worth $1,114,704,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth $28,000. Atlantic Union Bankshares Corp boosted its stake in NRG Energy by 90.4% in the third 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 boosted its stake in NRG Energy by 321.1% in the fourth 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 boosted its stake in NRG Energy by 3,714.3% in the third 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. Finally, Hantz Financial Services Inc. boosted its stake in NRG Energy by 140.2% in the fourth 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. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction dated Monday, March 16th. The stock was 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 in the company, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $129.26 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $27.27 billion, a PE ratio of 152.07 and a beta of 1.25. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96. The stock has a 50-day moving average price of $146.52 and a two-hundred day moving average price of $155.17.

NRG Energy (NYSE:NRG) last posted its 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). The firm had revenue of $10.26 billion during 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%. NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The company 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. The ex-dividend date 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 currently 223.53%.

Analyst Ratings Changes

Several analysts recently weighed in on NRG shares. Weiss Ratings lowered NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. BNP Paribas Exane started coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective on the stock. The Goldman Sachs Group started coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. Finally, 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 on the stock. 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 company. According to MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.69.

NRG Energy Company 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.