Gerald Alfred Spencer Sells 1,580 Shares of NRG Energy (NYSE:NRG) Stock

NRG Energy, Inc. (NYSE:NRG) CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total transaction of $191,069.40. Following the completion of the transaction, the chief accounting officer owned 6,213 shares of the company’s stock, valued at $751,338.09. This represents a 20.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NRG Energy Price Performance

NRG stock traded down $4.17 during trading on Wednesday, reaching $115.47. 2,840,315 shares of the company were exchanged, compared to its average volume of 2,360,536. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. The stock’s 50 day moving average price is $125.58 and its 200 day moving average price is $140.43. NRG Energy, Inc. has a 52-week low of $108.34 and a 52-week high of $189.96. The company has a market cap of $24.36 billion, a P/E ratio of 30.55 and a beta of 1.18.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the company earned $1.73 EPS. The business’s 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. As a group, analysts predict that NRG Energy, Inc. will post 8.6 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

NRG has been the topic of a number of analyst reports. Williams Trading set a $184.00 target price on NRG Energy in a report on Monday, July 6th. Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 target price for the company. BMO Capital Markets reissued a “market perform” rating and set a $214.00 price target on shares of NRG Energy in a research note on Thursday, August 6th. Barclays raised their price objective on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Scotiabank lowered their price objective on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and an average price target of $198.43.

Hedge Funds Weigh In On NRG Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Pension Service increased its position in NRG Energy by 13.9% during the second quarter. National Pension Service now owns 345,477 shares of the utilities provider’s stock worth $50,460,000 after purchasing an additional 42,196 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of NRG Energy by 19.9% in the 2nd quarter. WINTON GROUP Ltd now owns 2,100 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 349 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of NRG Energy by 52.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,721 shares of the utilities provider’s stock valued at $1,128,000 after purchasing an additional 2,664 shares during the last quarter. Maven Securities LTD purchased a new stake in shares of NRG Energy during the 2nd quarter valued at $4,033,000. Finally, Baird Financial Group Inc. increased its holdings in shares of NRG Energy by 3.0% during the 2nd quarter. Baird Financial Group Inc. now owns 19,776 shares of the utilities provider’s stock worth $2,888,000 after buying an additional 578 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

NRG Energy, Inc is a North American energy and home services company headquartered in Houston, Texas. The company operates through power generation and energy retail businesses, supplying electricity and related services to residential, commercial and industrial customers.

NRG owns and operates a diverse portfolio of power-generation assets, including natural gas, coal, nuclear and renewable facilities. It also sells electricity and natural gas through brands such as Reliant, Direct Energy and Green Mountain Energy, with retail operations serving customers in competitive energy markets across the United States and Canada.

In addition to its energy operations, NRG provides smart-home, security and related connected-home services through its Vivint business.