Hsbc Holdings PLC Sells 20,649 Shares of NRG Energy, Inc. $NRG

Hsbc Holdings PLC trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 483,195 shares of the utilities provider’s stock after selling 20,649 shares during the period. Hsbc Holdings PLC’s holdings in NRG Energy were worth $77,070,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. MV Capital Management Inc. purchased a new stake in shares of NRG Energy during the fourth quarter valued at $27,000. Motiv8 Investments LLC bought a new stake in NRG Energy in the 4th quarter worth about $27,000. Core Wealth Advisors LLC purchased a new position in NRG Energy in the 4th quarter worth about $28,000. SHP Wealth Management bought a new position in NRG Energy during the 4th quarter valued at about $32,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in NRG Energy by 321.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the business’s 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 owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

NRG Energy Price Performance

NYSE NRG opened at $138.85 on Tuesday. The company has a 50-day moving average price of $141.92 and a 200-day moving average price of $152.42. NRG Energy, Inc. has a 52 week low of $120.11 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. The firm has a market capitalization of $29.30 billion, a P/E ratio of 163.35 and a beta of 1.25.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (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%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NRG. Morgan Stanley set a $162.00 price target on shares of NRG Energy in a research note on Thursday, May 21st. Barclays dropped their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Evercore began coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price for the company. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. Finally, Weiss Ratings cut NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One 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 company. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.69.

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.