Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Holdings in NRG Energy, Inc. $NRG

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 45.9% during the fourth quarter, HoldingsChannel reports. The firm owned 197,275 shares of the utilities provider’s stock after selling 167,682 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NRG Energy were worth $31,414,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. KCM Investment Advisors LLC purchased a new position in shares of NRG Energy in the fourth quarter worth about $526,000. Kennedy Capital Management LLC increased its holdings in shares of NRG Energy by 9.6% in the fourth quarter. Kennedy Capital Management LLC now owns 78,956 shares of the utilities provider’s stock worth $12,573,000 after buying an additional 6,934 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of NRG Energy in the fourth quarter worth about $2,685,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of NRG Energy in the fourth quarter worth about $1,248,000. Finally, Eventide Asset Management LLC increased its holdings in shares of NRG Energy by 9.4% in the fourth quarter. Eventide Asset Management LLC now owns 3,085 shares of the utilities provider’s stock worth $495,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 3.9%

Shares of NYSE:NRG opened at $130.35 on Tuesday. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The company has a market cap of $27.50 billion, a PE ratio of 153.35 and a beta of 1.25. 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 stock’s 50-day moving average is $144.00 and its 200 day moving average is $153.57.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts anticipate that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

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

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. Morgan Stanley set a $162.00 price objective on NRG Energy in a report on Thursday, May 21st. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Raymond James Financial set a $210.00 price objective on NRG Energy in a report on Monday, April 27th. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. Finally, Weiss Ratings downgraded NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.69.

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.