Saudi Central Bank Acquires 6,821 Shares of NRG Energy, Inc. $NRG

Saudi Central Bank lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 91.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,268 shares of the utilities provider’s stock after purchasing an additional 6,821 shares during the quarter. Saudi Central Bank’s holdings in NRG Energy were worth $2,084,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sound Income Strategies LLC increased its position in shares of NRG Energy by 17.9% in the first quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 69 shares during the last quarter. Hilton Head Capital Partners LLC lifted its position in NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 73 shares during the last quarter. Parallel Advisors LLC grew its stake in NRG Energy by 3.0% in the 1st quarter. Parallel Advisors LLC now owns 2,523 shares of the utilities provider’s stock worth $369,000 after buying an additional 74 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of NRG Energy by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 8,138 shares of the utilities provider’s stock worth $1,189,000 after buying an additional 77 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of NRG Energy by 8.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,046 shares of the utilities provider’s stock valued at $167,000 after buying an additional 78 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $118.47 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17. The stock has a market cap of $25.00 billion, a PE ratio of 31.34 and a beta of 1.18. The company’s fifty day moving average is $126.60 and its 200 day moving average is $141.21. NRG Energy, Inc. has a 52 week low of $108.34 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the company earned $1.73 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts anticipate that NRG Energy, Inc. will post 8.6 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a dividend of $0.475 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.6%. NRG Energy’s dividend payout ratio is currently 50.26%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Siebert Williams Shank began coverage on shares of NRG Energy in a research report on Monday, July 6th. They issued a “buy” rating and a $184.00 target price for the company. Barclays raised their price target on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. UBS Group cut their price objective on NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. BNP Paribas Exane set a $221.00 price objective on NRG Energy in a research report on Wednesday, August 19th. Finally, Scotiabank decreased their price objective on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 5th. One 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’s stock. According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $198.43.

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.