American Century Companies Inc. Trims Stake in NRG Energy

Institutional investor reduces position in utility provider

Published on Mar. 11, 2026

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American Century Companies Inc., an institutional investor, has reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 54.7% in the third quarter, according to a recent SEC filing. The company now owns 113,845 shares of the utilities provider's stock, down from 251,366 shares previously.

Why it matters

This move by a major institutional investor provides insight into the market's sentiment towards NRG Energy. Reductions in institutional ownership can signal potential concerns about a company's outlook or valuation.

The details

According to the filing, American Century Companies sold 137,521 shares of NRG Energy stock during the third quarter. The company now owns approximately 0.06% of NRG Energy's outstanding shares, down from 0.13% previously. NRG Energy is a diversified power generation company that operates conventional thermal plants as well as renewable and distributed energy resources.

  • The stake reduction occurred during the third quarter of the company's fiscal year.

The players

American Century Companies Inc.

An institutional investment management firm that owns stakes in various public companies.

NRG Energy, Inc.

A U.S.-based integrated power company that develops, owns, and operates a diversified portfolio of power generation assets.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This reduction in institutional ownership of NRG Energy shares could signal potential concerns about the company's outlook or valuation among some investors. However, the company remains majority-owned by institutional investors, indicating ongoing confidence in its long-term prospects.