State of Wyoming Decreases Stock Position in NRG Energy, Inc. $NRG

State of Wyoming trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 34.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,843 shares of the utilities provider’s stock after selling 4,749 shares during the quarter. State of Wyoming’s holdings in NRG Energy were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NRG. State Street Corp raised its holdings in NRG Energy by 2.2% during the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock valued at $1,730,685,000 after buying an additional 234,666 shares during the last quarter. Victory Capital Management Inc. boosted 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 purchasing an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NRG Energy by 1.5% in 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 period. Invesco Ltd. increased its stake in shares of NRG Energy by 0.6% in the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after acquiring an additional 31,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of NRG Energy by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock valued at $320,145,000 after purchasing an additional 21,666 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NRG shares. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a report on Monday, April 27th. Siebert Williams Shank began coverage on NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 target price on the stock. Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday, June 24th. Scotiabank boosted their price target on NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Barclays dropped their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.93.

NRG Energy Trading Up 6.2%

NRG Energy stock opened at $139.81 on Thursday. NRG Energy, Inc. has a 52-week low of $120.11 and a 52-week high of $189.96. The company has a market cap of $29.50 billion, a P/E ratio of 164.48 and a beta of 1.21. 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 business has a 50-day simple moving average of $135.24 and a two-hundred day simple moving average of $149.04.

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). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 3rd. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy 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 transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

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.