NRG Energy, Inc. $NRG Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its position in NRG Energy, Inc. (NYSE:NRG) by 16.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 425,839 shares of the utilities provider’s stock after selling 84,726 shares during the quarter. Jennison Associates LLC’s holdings in NRG Energy were worth $62,232,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Reaves W H & Co. Inc. lifted its position in NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares during the period. Hiddenite Capital Partners LP increased its position in NRG Energy by 28.6% during the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock worth $14,332,000 after purchasing an additional 20,000 shares during the period. BNP Paribas Financial Markets raised its stake in shares of NRG Energy by 83.8% during the 4th quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock worth $90,522,000 after buying an additional 259,113 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of NRG Energy by 10.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock worth $83,315,000 after buying an additional 51,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NRG Energy by 1,799.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 134,520 shares of the utilities provider’s stock valued at $21,421,000 after buying an additional 127,438 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction 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 sale, the vice president owned 45,111 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $129.12 on Monday. The business’s 50 day simple moving average is $135.32 and its 200-day simple moving average is $149.58. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 151.91 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96.

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 analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts forecast that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NRG. Barclays dropped their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings raised NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a research report on Wednesday, June 24th. Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.