Corient Private Wealth LP Sells 23,550 Shares of NRG Energy, Inc. $NRG

Key Points

• Corient Private Wealth reduced its NRG Energy stake by 35.4% in the second quarter, selling 23,550 shares and retaining 43,012 shares valued at approximately $6.3 million. Institutional investors collectively own 97.72% of the company.
• NRG shares opened at $103.67, near their 52-week low of $103.49 and down significantly from the 52-week high of $189.96. The company’s latest quarterly earnings missed analyst expectations, although revenue rose 11% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $198.21. NRG also pays a quarterly dividend of $0.475 per share, equivalent to a 1.8% annual yield.

Corient Private Wealth LP trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,012 shares of the utilities provider's stock after selling 23,550 shares during the period. Corient Private Wealth LP's holdings in NRG Energy were worth $6,282,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider's stock worth $1,222,409,000 after buying an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider's stock valued at $910,324,000 after purchasing an additional 82,162 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NRG Energy in the second quarter worth about $473,391,000. Bank of America Corp DE increased its holdings in shares of NRG Energy by 16.7% in 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. Finally, Dimensional Fund Advisors LP lifted its position 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 worth $320,145,000 after buying an additional 21,666 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total value of $191,069.40. Following the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at approximately $751,338.09. This trade represents a 20.27% decrease in their position. The transaction 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. Insiders own 0.43% of the company's stock.

NRG Energy Stock Down 2.4%

Shares of NRG Energy stock opened at $103.67 on Friday. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 27.43 and a beta of 1.18. The firm's 50-day moving average is $121.30 and its two-hundred day moving average is $137.16. NRG Energy, Inc. has a 1 year low of $103.49 and a 1 year high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.NRG Energy's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 8.6 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy's dividend payout ratio is presently 50.26%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NRG. Weiss Ratings upgraded NRG Energy from a "hold (c-)" rating to a "hold (c+)" rating in a report on Monday, August 17th. BMO Capital Markets reiterated a "market perform" rating and set a $214.00 price objective on shares of NRG Energy in a research report on Thursday, August 6th. Morgan Stanley dropped their price objective on shares of NRG Energy from $162.00 to $159.00 and set an "equal weight" rating for the company in a research note on Friday. UBS Group lowered their price target on shares of NRG Energy from $221.00 to $216.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Finally, BNP Paribas Exane set a $221.00 price objective on NRG Energy in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $198.21.

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.

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