NRG Energy, Inc. $NRG Stock Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its NRG Energy position by 97.9% in the second quarter, selling 103,931 shares and retaining 2,225 shares valued at approximately $325,000. Institutional investors still own 97.72% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $198.21, despite individual target changes ranging from $159 to $214.
• NRG reported quarterly EPS of $1.49, below the $1.69 consensus estimate, while revenue rose 11% year over year to $7.48 billion. The company also paid a quarterly dividend of $0.475 per share, yielding about 1.9% annually.

Engineers Gate Manager LP lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 97.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,225 shares of the utilities provider's stock after selling 103,931 shares during the quarter. Engineers Gate Manager LP's holdings in NRG Energy were worth $325,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of NRG Energy by 178.1% during the 4th 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 raised its position in NRG Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider's stock worth $910,324,000 after acquiring an additional 82,162 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in NRG Energy in the second quarter worth $473,391,000. Bank of America Corp DE lifted its holdings in 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 valued at $320,396,000 after acquiring an additional 313,410 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of NRG Energy by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider's stock worth $320,145,000 after purchasing an additional 21,666 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of NRG Energy from $200.00 to $204.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. 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. Scotiabank cut their target price on shares of NRG Energy from $226.00 to $211.00 and set a "sector outperform" rating for the company in a research note on Wednesday, August 5th. Morgan Stanley lowered their target price 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, September 18th. Finally, Evercore reaffirmed an "outperform" rating and set a $195.00 price target on shares of NRG Energy in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.21.

NRG Energy Stock Performance

Shares of NRG stock opened at $100.41 on Friday. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 26.56 and a beta of 1.18. NRG Energy, Inc. has a one year low of $97.50 and a one year high of $189.96. The company's 50-day simple moving average is $117.85 and its 200-day simple moving average is $134.98. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business earned $1.73 EPS. The company's quarterly revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts anticipate that NRG Energy, Inc. will post 8.61 earnings per share for the current fiscal 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 dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. NRG Energy's dividend payout ratio is 50.26%.

Insider Activity

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of NRG Energy 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 completion of the transaction, the chief accounting officer directly owned 6,213 shares of the company's stock, valued at approximately $751,338.09. The trade was a 20.27% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Profile

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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