NRG Energy, Inc. $NRG Shares Sold by CX Institutional

Key Points

• CX Institutional cut its NRG Energy stake by 95.1% in the third quarter, selling 47,754 shares and retaining 2,442 shares valued at approximately $234,000. Institutional investors collectively 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 a quarterly dividend of $0.475 per share, equivalent to a 2.0% yield.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $198.21, substantially above the stock’s reported opening price of $96.87, despite recent target-price reductions from some firms.

CX Institutional lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 95.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,442 shares of the utilities provider's stock after selling 47,754 shares during the quarter. CX Institutional's holdings in NRG Energy were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NRG. Burkett Financial Services LLC acquired a new position in shares of NRG Energy in the third quarter valued at approximately $30,000. Wellington Altus USA Inc. purchased a new position in shares of NRG Energy during the 2nd quarter worth $33,000. National Pension Service boosted its holdings in shares of 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 grew its position in shares of NRG Energy by 19.9% in the second 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 period. Finally, Integrated Wealth Concepts LLC grew its position in shares of NRG Energy by 52.7% in the second 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 period. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $96.87 on Tuesday. The business has a 50-day moving average of $112.98 and a two-hundred day moving average of $132.46. The firm has a market capitalization of $20.44 billion, a PE ratio of 25.63 and a beta of 1.17. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. 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 released 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 during the quarter, compared to analyst estimates of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts forecast that NRG Energy, Inc. will post 8.61 earnings per share for the current year.

NRG Energy Announces Dividend

The firm 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 $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy's payout ratio is 50.26%.

Insider Transactions at NRG Energy

In other 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 value of $191,069.40. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NRG has been the topic of several recent analyst reports. UBS Group reduced their target price on NRG Energy from $221.00 to $216.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. BMO Capital Markets restated a "market perform" rating and issued a $214.00 price target on shares of NRG Energy in a report on Thursday, August 6th. Barclays upped 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. Weiss Ratings lowered shares of NRG Energy from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 24th. Finally, Scotiabank decreased their target price on shares of NRG Energy from $226.00 to $211.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.21.

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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