NRG Energy (NYSE:NRG) Shares Down 5.2% – Here’s Why

Shares of NRG Energy, Inc. (NYSE:NRG) were down 5.2% on Wednesday . The company traded as low as $124.40 and last traded at $123.2010. Approximately 195,499 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,596,946 shares. The stock had previously closed at $129.96.

Analyst Ratings Changes

NRG has been the topic of several research reports. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Morgan Stanley set a $162.00 target price on shares of NRG Energy in a research note on Thursday, May 21st. BNP Paribas Exane started coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. One 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.69.

NRG Energy Trading Up 2.6%

The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company’s 50-day moving average is $144.94 and its 200-day moving average is $154.09. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 145.65 and a beta of 1.24.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share 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 analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’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 firm earned $2.68 earnings per share. 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 fiscal year.

NRG Energy Dividend Announcement

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

Insider Transactions at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction 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 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 this hyperlink. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of NRG Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock valued at $1,222,409,000 after acquiring an additional 4,916,653 shares during the last quarter. Capital World Investors purchased a new stake in shares of NRG Energy in the 4th quarter valued at approximately $305,817,000. Boston Partners lifted its holdings in shares of NRG Energy by 124.1% in the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after acquiring an additional 1,001,672 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after purchasing an additional 734,624 shares during the period. Finally, Consolidated Press International Holdings Ltd. acquired a new stake in NRG Energy in the 3rd quarter valued at approximately $98,360,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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.