Dorsey Wright & Associates Lowers Holdings in NRG Energy, Inc. $NRG

Dorsey Wright & Associates trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 37.4% in the 1st quarter, HoldingsChannel reports. The firm owned 59,603 shares of the utilities provider’s stock after selling 35,590 shares during the quarter. NRG Energy makes up approximately 1.1% of Dorsey Wright & Associates’ portfolio, making the stock its 29th largest holding. Dorsey Wright & Associates’ holdings in NRG Energy were worth $8,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NRG. California Public Employees Retirement System grew its position in shares of NRG Energy by 3.5% during the first quarter. California Public Employees Retirement System now owns 335,539 shares of the utilities provider’s stock valued at $49,036,000 after purchasing an additional 11,405 shares in the last quarter. Kera Capital Partners Inc. lifted its position in shares of NRG Energy by 16.9% in the first quarter. Kera Capital Partners Inc. now owns 1,829 shares of the utilities provider’s stock worth $267,000 after buying an additional 264 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of NRG Energy by 2.1% in the first quarter. Bessemer Group Inc. now owns 612,079 shares of the utilities provider’s stock worth $89,449,000 after buying an additional 12,625 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NRG Energy by 93.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 237,190 shares of the utilities provider’s stock valued at $35,555,000 after buying an additional 114,461 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in NRG Energy during the 1st quarter valued at approximately $26,698,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NRG shares. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research report on Wednesday, June 24th. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. Scotiabank restated an “outperform” rating and issued a $226.00 target price on shares of NRG Energy in a report on Wednesday. Weiss Ratings cut shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Siebert Williams Shank began coverage on shares of NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.93.

NRG Energy Stock Down 2.7%

NYSE:NRG opened at $129.12 on Friday. The company has a market cap of $27.24 billion, a price-to-earnings ratio of 151.91 and a beta of 1.21. NRG Energy, Inc. has a twelve month low of $120.11 and a twelve month 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. The stock has a fifty day simple moving average of $135.32 and a 200-day simple moving average of $149.66.

NRG Energy (NYSE:NRG) last issued 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 for 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 business’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

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

Insider Buying and Selling

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

NRG Energy 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.