NRG Energy, Inc. $NRG Holdings Decreased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,875 shares of the utilities provider’s stock after selling 4,264 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in NRG Energy were worth $9,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp grew its holdings in NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 85 shares during the period. BOKF NA grew its holdings in NRG Energy by 3,714.3% during the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 260 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in NRG Energy by 1,970.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 335 shares during the period. Root Financial Partners LLC acquired a new position in NRG Energy during the third quarter worth about $74,000. Finally, Zions Bancorporation National Association UT grew its holdings in NRG Energy by 19.8% during the third quarter. Zions Bancorporation National Association UT now owns 459 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 76 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 2.2%

Shares of NRG opened at $136.95 on Friday. The business’s 50-day moving average price is $150.44 and its 200 day moving average price is $157.74. The stock has a market capitalization of $28.89 billion, a P/E ratio of 161.11 and a beta of 1.32. NRG Energy, Inc. has a 1-year low of $121.22 and a 1-year high of $189.96. 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 (NYSE:NRG) last issued its quarterly earnings results 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). The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts expect that NRG Energy, Inc. will post 8.94 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid 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 yield of 1.4%. NRG Energy’s dividend payout ratio (DPR) is currently 223.53%.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NRG. Jefferies Financial Group lowered their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Weiss Ratings lowered NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Morgan Stanley set a $162.00 target price on NRG Energy in a report on Thursday. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Wednesday, March 18th. One research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.69.

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.