Community Bank of Raymore Purchases 18,950 Shares of NRG Energy, Inc. $NRG

Key Points

• Community Bank of Raymore increased its NRG Energy position by 43.1% in the third quarter, purchasing 18,950 shares for a total holding of 62,950 shares valued at approximately $6.0 million. Institutional investors and hedge funds collectively own 97.72% of NRG’s stock.
• NRG shares opened at $92.27, near their 52-week low of $90.80 and substantially below the $189.96 high. The company’s latest quarterly earnings of $1.49 per share missed analysts’ $1.69 estimate, although revenue rose 11% year over year to $7.48 billion.
• NRG declared a quarterly dividend of $0.475 per share, equivalent to $1.90 annually and a 2.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $183.20.

Community Bank of Raymore raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,950 shares of the utilities provider's stock after buying an additional 18,950 shares during the period. NRG Energy makes up about 3.4% of Community Bank of Raymore's holdings, making the stock its 7th biggest holding. Community Bank of Raymore's holdings in NRG Energy were worth $6,021,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Foster & Motley Inc. purchased a new stake in NRG Energy during the 2nd quarter worth approximately $2,014,000. Tema ETFs LLC grew its position in shares of NRG Energy by 1,481.8% during the second quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider's stock worth $8,726,000 after buying an additional 55,968 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of NRG Energy during the second quarter worth approximately $6,456,000. Border to Coast Pensions Partnership Ltd increased its stake in shares of NRG Energy by 60.1% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 372,371 shares of the utilities provider's stock worth $54,585,000 after buying an additional 139,748 shares during the last quarter. Finally, Oaktree Capital Management LP bought a new stake in shares of NRG Energy in the first quarter worth $7,165,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Down 2.2%

NYSE:NRG opened at $92.27 on Friday. The company has a market cap of $19.47 billion, a PE ratio of 24.41 and a beta of 1.17. The business's 50 day moving average is $106.81 and its two-hundred day moving average is $127.85. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17. NRG Energy, Inc. has a 52 week low of $90.80 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued 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). The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. NRG Energy's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts predict that NRG Energy, Inc. will post 8.62 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.4750 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.90 annualized dividend and a yield of 2.1%. NRG Energy's payout ratio is presently 50.26%.

Insiders Place Their Bets

In other NRG Energy news, CAO Gerald Alfred Spencer sold 1,580 shares of the 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 sale, the chief accounting officer directly owned 6,213 shares of the company's stock, valued at approximately $751,338.09. This represents a 20.27% decrease in their ownership of the stock. 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 Analysts Forecast Growth

NRG has been the topic of a number of research analyst reports. Evercore reiterated an "outperform" rating and set a $195.00 price objective on shares of NRG Energy in a research note on Wednesday, August 5th. Seaport Research Partners set a $160.00 price objective on shares of NRG Energy in a report on Monday, October 19th. BMO Capital Markets reissued a "market perform" rating and issued a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. UBS Group reissued a "strong-buy" rating and issued a $152.00 target price on shares of NRG Energy in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce initiated coverage on shares of NRG Energy in a research note on Friday, October 16th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $183.20.

NRG Energy Company Profile

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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