Lansforsakringar Fondforvaltning AB publ Has $10.03 Million Holdings in NRG Energy, Inc. $NRG

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,597 shares of the utilities provider’s stock after acquiring an additional 7,774 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in NRG Energy were worth $10,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NRG. Brighton Jones LLC grew its position in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,528 shares during the period. Integrated Wealth Concepts LLC bought a new position in NRG Energy in the first quarter valued at approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares during the period. Woodline Partners LP increased its position in shares of NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of NRG Energy during the second quarter worth $7,937,000. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

In related 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 transaction, the vice president directly owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NRG shares. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Wednesday, March 18th. Morgan Stanley set a $165.00 price target on NRG Energy in a research note on Wednesday, June 24th. Raymond James Financial set a $210.00 price target on NRG Energy in a report on Monday, April 27th. BNP Paribas Exane began coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, March 6th. They issued a “buy” rating and a $197.00 target price on the stock. One 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 company’s stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $199.92.

NRG Energy Trading Down 3.8%

NRG Energy stock opened at $140.49 on Thursday. The firm has a 50-day moving average of $138.80 and a 200-day moving average of $151.32. 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 current ratio of 0.84 and a quick ratio of 0.78. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 165.28 and a beta of 1.21.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion for 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 business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business 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. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio is presently 223.53%.

About NRG Energy

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.