State of Wyoming Sells 4,749 Shares of NRG Energy, Inc. $NRG

State of Wyoming lessened its position in NRG Energy, Inc. (NYSE:NRG) by 34.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,843 shares of the utilities provider’s stock after selling 4,749 shares during the period. State of Wyoming’s holdings in NRG Energy were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NRG. Monashee Investment Management LLC acquired a new stake in NRG Energy during the first quarter worth approximately $12,422,000. Cetera Investment Advisers increased its stake in NRG Energy by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 120,553 shares of the utilities provider’s stock valued at $17,618,000 after purchasing an additional 4,902 shares in the last quarter. NewEdge Wealth LLC increased its stake in NRG Energy by 5.0% during the 1st quarter. NewEdge Wealth LLC now owns 354,847 shares of the utilities provider’s stock valued at $51,857,000 after purchasing an additional 16,746 shares in the last quarter. CI Investments Inc. boosted its stake in NRG Energy by 14.7% during the 1st quarter. CI Investments Inc. now owns 12,051 shares of the utilities provider’s stock valued at $1,761,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. bought a new position in NRG Energy during the 1st quarter valued at $477,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’s 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a report on Monday, April 27th. Weiss Ratings raised NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. Morgan Stanley set a $165.00 price objective on shares of NRG Energy in a report on Wednesday, June 24th. Finally, Siebert Williams Shank started coverage on shares of NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. One equities 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.93.

NRG Energy Trading Up 6.2%

Shares of NRG Energy stock opened at $139.81 on Thursday. The company’s 50-day moving average price is $135.24 and its 200-day moving average price is $149.04. 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 $120.11 and a 12-month high of $189.96. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 164.48 and a beta of 1.21.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm 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 company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s payout ratio is presently 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.