741,659 NRG Energy, Inc. $NRG Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its NRG Energy position by 76.7% in the third quarter, selling 741,659 shares and retaining 225,605 shares worth approximately $21.6 million. Institutional investors still own 97.72% of the company.
• NRG reported quarterly earnings of $1.49 per share, missing analyst expectations of $1.69, while revenue rose 11% year over year to $7.48 billion. The company maintained its FY 2026 earnings guidance of $7.90–$9.90 per share.
• The company pays a quarterly dividend of $0.475 per share, equivalent to an annualized $1.90 and a 1.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $198.21.

Assenagon Asset Management S.A. cut its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 76.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,605 shares of the utilities provider's stock after selling 741,659 shares during the period. Assenagon Asset Management S.A. owned 0.11% of NRG Energy worth $21,579,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of NRG Energy in the 2nd quarter worth approximately $473,391,000. Bank of America Corp DE grew its holdings in shares of NRG Energy by 16.7% during the first quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider's stock worth $320,396,000 after purchasing an additional 313,410 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NRG Energy by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider's stock valued at $320,145,000 after buying an additional 21,666 shares in the last quarter. Sei Investments Co. increased its stake in shares of NRG Energy by 50.4% in the first quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider's stock valued at $125,268,000 after buying an additional 287,381 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of NRG Energy by 13.1% in the first quarter. Principal Financial Group Inc. now owns 737,549 shares of the utilities provider's stock valued at $107,789,000 after buying an additional 85,445 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NRG Energy news, CAO Gerald Alfred Spencer sold 1,580 shares of the company's stock in a transaction on 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 sale, the chief accounting officer owned 6,213 shares in the company, valued at approximately $751,338.09. The trade was a 20.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company's stock.

NRG Energy Price Performance

NRG Energy stock opened at $103.69 on Monday. The business's 50-day simple moving average is $109.25 and its 200 day simple moving average is $129.59. 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 $21.88 billion, a price-to-earnings ratio of 27.43 and a beta of 1.17. NRG Energy, Inc. has a 12-month low of $93.36 and a 12-month high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 8.61 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy's payout ratio is currently 50.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NRG. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a research report on Wednesday, August 19th. Weiss Ratings raised shares of NRG Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 9th. Canadian Imperial Bank of Commerce began coverage on shares of NRG Energy in a research report on Friday. They issued an "outperform" rating for the company. Wells Fargo & Company boosted their target price on shares of NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.21.

About NRG Energy

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.

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