Ferguson Wellman Capital Management Inc. Lowers Stock Position in NRG Energy, Inc. $NRG

Key Points

• Ferguson Wellman Capital Management cut its NRG Energy position by 98.1% in the third quarter, retaining 3,355 shares worth approximately $321,000. Institutional investors overall own 97.72% of the company.
• Analysts maintain a broadly positive outlook, with NRG receiving a consensus “Moderate Buy” rating and an average price target of $198.21.
• NRG reported quarterly revenue of $7.48 billion, up 11% year over year, but earnings per share of $1.49 fell short of the $1.69 consensus estimate. The company also pays a quarterly dividend of $0.475 per share, or $1.90 annually.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 98.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,355 shares of the utilities provider's stock after selling 174,159 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in NRG Energy were worth $321,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Foster & Motley Inc. bought a new position in shares of NRG Energy during the 2nd quarter worth $2,014,000. Tema ETFs LLC raised its stake in NRG Energy by 1,481.8% in the 2nd quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider's stock valued at $8,726,000 after acquiring an additional 55,968 shares during the period. Oliver Luxxe Assets LLC bought a new stake in NRG Energy in the 2nd quarter valued at about $6,456,000. Victory Capital Management Inc. lifted its holdings in NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider's stock valued at $1,222,409,000 after purchasing an additional 4,916,653 shares during the last quarter. Finally, Capital World Investors bought a new position in NRG Energy during the fourth quarter worth about $305,817,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the sale, the chief accounting officer owned 6,213 shares in the company, valued at approximately $751,338.09. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NRG. Williams Trading set a $184.00 target price on shares of NRG Energy in a research note on Monday, July 6th. UBS Group cut their price objective 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. Barclays lifted their price objective on shares of NRG Energy from $200.00 to $204.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. BNP Paribas Exane set a $221.00 target price on shares of NRG Energy in a report on Wednesday, August 19th. Finally, Wells Fargo & Company increased their target price on NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average price target of $198.21.

NRG Energy Trading Up 7.0%

Shares of NRG opened at $103.53 on Wednesday. NRG Energy, Inc. has a twelve month low of $93.36 and a twelve month high of $189.96. The stock has a market cap of $21.84 billion, a PE ratio of 27.39 and a beta of 1.17. 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 business's 50-day moving average price is $112.50 and its 200-day moving average price is $132.07.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 EPS 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 business posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts forecast that NRG Energy, Inc. will post 8.61 EPS for the current fiscal year.

NRG Energy Announces Dividend

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

NRG Energy Profile

NRG Energy, Inc NYSE: NRG is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity and natural gas and provides energy-related products and services to residential, commercial, industrial and institutional customers.

NRG operates power generation assets that use a range of fuel sources, including natural gas, coal, nuclear power and renewable energy. It also develops and supports technologies such as battery storage and offers electricity, natural gas, renewable energy and energy-management services through retail brands including Reliant, Direct Energy, Green Mountain Energy and other regional providers.

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

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