BI Asset Management Fondsmaeglerselskab A S Sells 18,091 Shares of NRG Energy, Inc. $NRG

BI Asset Management Fondsmaeglerselskab A S trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 62.8% in the 4th quarter, Holdings Channel reports. The firm owned 10,701 shares of the utilities provider’s stock after selling 18,091 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NRG Energy were worth $1,704,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of NRG Energy during the 1st quarter worth $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $1,934,000 after acquiring an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of NRG Energy during the 2nd quarter worth $7,937,000. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NRG shares. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a report on Monday, April 27th. Morgan Stanley set a $162.00 price objective on shares of NRG Energy in a report on Thursday, May 21st. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Evercore started coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective for the company. Finally, Barclays dropped their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.69.

Insider Transactions at NRG Energy

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

NRG Energy Price Performance

Shares of NYSE:NRG opened at $129.81 on Wednesday. The stock has a market cap of $27.39 billion, a PE ratio of 152.72 and a beta of 1.24. The company’s fifty day moving average is $145.80 and its 200 day moving average is $154.63. NRG Energy, Inc. has a 52 week low of $121.22 and a 52 week high of $189.96. 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) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion during 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%.NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Dividend Announcement

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

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.