Opal Capital LLC Cuts Stock Holdings in NRG Energy, Inc. $NRG

Opal Capital LLC reduced its position in NRG Energy, Inc. (NYSE:NRG) by 96.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,704 shares of the utilities provider’s stock after selling 45,778 shares during the quarter. Opal Capital LLC’s holdings in NRG Energy were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. MV Capital Management Inc. acquired a new position in shares of NRG Energy in the fourth quarter worth about $27,000. Motiv8 Investments LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth about $27,000. Core Wealth Advisors LLC acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $28,000. EMC Capital Management purchased a new position in shares of NRG Energy in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent analyst reports. Weiss Ratings upgraded NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Barclays upped their target price on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group decreased their target price on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday. Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 price target on the stock. Finally, Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $201.79.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated 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 approximately $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

NRG Energy Stock Down 2.8%

Shares of NRG opened at $123.96 on Thursday. The stock has a 50 day moving average price of $135.76 and a 200 day moving average price of $148.28. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of 145.83 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.8 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

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.