ING Groep NV Sells 48,739 Shares of NRG Energy, Inc. $NRG

ING Groep NV lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 66.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,767 shares of the utilities provider’s stock after selling 48,739 shares during the period. ING Groep NV’s holdings in NRG Energy were worth $3,944,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy in the fourth quarter worth $28,000. Atlantic Union Bankshares Corp lifted its position in shares of NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 85 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of NRG Energy by 321.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 183 shares in the last quarter. BOKF NA lifted its position in shares of NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of NRG Energy by 140.2% in the fourth quarter. Hantz Financial Services Inc. now owns 293 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. Barclays dropped their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Evercore started coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $199.69.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company’s stock.

NRG Energy Stock Down 1.1%

NRG stock opened at $127.83 on Tuesday. The stock has a market capitalization of $26.97 billion, a P/E ratio of 150.39 and a beta of 1.25. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 12 month low of $121.22 and a 12 month high of $189.96. The firm has a 50-day moving average price of $146.16 and a 200-day moving average price of $154.90.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced 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 of this dividend was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.5%. NRG Energy’s dividend payout ratio is 223.53%.

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.