Insider Selling: NRG Energy (NYSE:NRG) CAO Sells 1,580 Shares of Stock

Key Points

• NRG Energy CAO Gerald Alfred Spencer sold 1,580 shares at an average price of $120.93, generating approximately $191,069. The Rule 10b5-1 transaction reduced his ownership by 20.27%, leaving him with 6,213 shares.
• NRG shares fell 3.5% to $115.47, while the company’s latest quarterly EPS of $1.49 missed estimates of $1.69 despite revenue rising 11% year over year to $7.48 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $198.43; institutional investors own 97.72% of the stock.

NRG Energy, Inc. (NYSE:NRG - Get Free Report) CAO Gerald Alfred Spencer sold 1,580 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total transaction of $191,069.40. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NRG Energy Trading Down 3.5%

NRG stock traded down $4.17 during mid-day trading on Wednesday, hitting $115.47. 2,840,315 shares of the company were exchanged, compared to its average volume of 2,360,536. NRG Energy, Inc. has a 12-month low of $108.34 and a 12-month high of $189.96. The firm has a market capitalization of $24.36 billion, a P/E ratio of 30.55 and a beta of 1.18. The business has a fifty day simple moving average of $125.58 and a 200-day simple moving average of $140.43. 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 (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). The company had revenue of $7.48 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period 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, equities research analysts predict that NRG Energy, Inc. will post 8.6 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. Investors of record on Monday, August 3rd were paid a dividend of $0.475 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.6%. NRG Energy's payout ratio is presently 50.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NRG. Brighton Jones LLC increased its stake in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after buying an additional 1,528 shares during the period. Integrated Wealth Concepts LLC purchased a new position in NRG Energy during the first quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider's stock valued at $1,934,000 after purchasing an additional 1,381 shares in the last quarter. Woodline Partners LP increased its position in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider's stock worth $1,634,000 after purchasing an additional 4,949 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of NRG Energy in the 2nd quarter valued at approximately $7,937,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NRG. BNP Paribas Exane set a $221.00 price objective on shares of NRG Energy in a report on Wednesday, August 19th. UBS Group reduced their price target on shares of NRG Energy from $221.00 to $216.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Barclays boosted their target price on NRG Energy from $200.00 to $204.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Evercore restated an "outperform" rating and set a $195.00 price target on shares of NRG Energy in a research note on Wednesday, August 5th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $214.00 price target on shares of NRG Energy in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.43.

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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