NRG Energy, Inc. $NRG Stake Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 355,175 shares of the utilities provider’s stock after selling 5,176 shares during the period. Los Angeles Capital Management LLC’s holdings in NRG Energy were worth $61,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in NRG Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after buying an additional 82,162 shares during the last quarter. Invesco Ltd. grew its stake in NRG Energy by 0.6% during the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after buying an additional 31,238 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of NRG Energy by 42.7% in the third quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock worth $221,671,000 after purchasing an additional 409,776 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after purchasing an additional 86,528 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of NRG Energy by 47.8% in the third quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock worth $155,307,000 after purchasing an additional 309,989 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 3.1%

NYSE:NRG opened at $129.26 on Friday. 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 cap of $27.27 billion, a price-to-earnings ratio of 152.07 and a beta of 1.24. The business has a fifty day moving average of $146.52 and a 200-day moving average of $155.23. NRG Energy, Inc. has a 1 year low of $121.22 and a 1 year high of $189.96.

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 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 company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent analyst reports. Barclays decreased their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Evercore initiated coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target for the company. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.69.

Insider Buying and Selling 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 completion of the sale, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by company insiders.

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.