NRG Energy, Inc. $NRG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in NRG Energy, Inc. (NYSE:NRG) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,554 shares of the utilities provider’s stock after selling 12,901 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NRG Energy were worth $17,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in NRG Energy during the fourth quarter worth about $27,000. Motiv8 Investments LLC acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $28,000. EMC Capital Management purchased a new position in NRG Energy during the 4th quarter worth approximately $30,000. Finally, SHP Wealth Management purchased a new stake in NRG Energy in the fourth quarter valued at approximately $32,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG Energy stock opened at $141.11 on Friday. 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 business has a 50 day simple moving average of $135.67 and a 200-day simple moving average of $148.82. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96. The stock has a market capitalization of $29.77 billion, a PE ratio of 166.02 and a beta of 1.21.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data 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 firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts predict that NRG Energy, Inc. will post 8.89 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.3%. NRG Energy’s payout ratio is presently 223.53%.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the vice president directly owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Williams Trading set a $184.00 target price on shares of NRG Energy in a research report on Monday, July 6th. Barclays reduced their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $199.93.

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.