Lyrical Asset Management LP trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,007,598 shares of the utilities provider’s stock after selling 182,525 shares during the period. NRG Energy comprises 6.7% of Lyrical Asset Management LP’s portfolio, making the stock its largest position. Lyrical Asset Management LP’s holdings in NRG Energy were worth $478,930,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NRG. Capital World Investors bought a new position in shares of NRG Energy during the fourth quarter valued at about $305,817,000. Worldquant Millennium Advisors LLC raised its stake in shares of NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after acquiring an additional 734,624 shares during the last quarter. Consolidated Press International Holdings Ltd. bought a new position in shares of NRG Energy during the third quarter valued at about $98,360,000. Merewether Investment Management LP bought a new position in shares of NRG Energy during the third quarter valued at about $85,951,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of NRG Energy during the third quarter valued at about $76,415,000. 97.72% of the stock is owned by institutional investors.
Insider Activity at NRG Energy
In other news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.
NRG Energy Price Performance
NRG Energy (NYSE:NRG – Get Free Report) last announced 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 business 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%.NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.
NRG Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.475 per share. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.5%. NRG Energy’s dividend payout ratio is presently 223.53%.
Analysts Set New Price Targets
NRG has been the topic of several research analyst reports. Weiss Ratings cut shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 price target on the stock. Morgan Stanley set a $162.00 price target on shares of NRG Energy in a research report on Thursday, May 21st. Barclays reduced their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $199.69.
View Our Latest Research Report on NRG Energy
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.
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