Key Points
- NRG Energy’s chief accounting officer Gerald Alfred Spencer sold 1,580 shares at an average price of $120.93, totaling $191,069.40. The Rule 10b5-1 transaction reduced his direct holdings by 20.27% to 6,213 shares.
- NRG shares opened at $115.47, down 3.5%, and remain well below their 52-week high of $189.96. The company’s latest quarterly earnings missed expectations, although revenue rose 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. NRG also pays a quarterly dividend of $0.475 per share, representing a 1.6% yield.
NRG Energy, Inc. (NYSE:NRG - Get Free Report) CAO Gerald Alfred Spencer sold 1,580 shares of the firm's 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 transaction, the chief accounting officer directly owned 6,213 shares of the company's stock, valued at $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 available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NRG Energy Stock Down 3.5%
Shares of NYSE:NRG opened at $115.47 on Thursday. 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, Inc. has a 52-week low of $108.34 and a 52-week high of $189.96. The stock's fifty day simple moving average is $125.58 and its 200-day simple moving average is $140.43. The company has a market capitalization of $24.36 billion, a P/E ratio of 30.55 and a beta of 1.18.
NRG Energy (NYSE:NRG - Get Free Report) last posted 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). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The company had revenue of $7.48 billion for the quarter, compared to analysts' expectations of $7.31 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Monday, August 3rd were issued a dividend of $0.475 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.6%. NRG Energy's payout ratio is 50.26%.
Hedge Funds Weigh In On NRG Energy
A number of large investors have recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new position in shares of NRG Energy in the 4th quarter valued at $27,000. Motiv8 Investments LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth $27,000. Core Wealth Advisors LLC purchased a new position in shares of NRG Energy in the 4th quarter worth $28,000. EMC Capital Management acquired a new position in NRG Energy in the fourth quarter valued at $30,000. Finally, SHP Wealth Management acquired a new position in NRG Energy in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 97.72% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on NRG. Morgan Stanley lowered their target price on shares of NRG Energy from $165.00 to $162.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Wells Fargo & Company raised their price objective on NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BNP Paribas Exane set a $221.00 price objective on NRG Energy in a research report on Wednesday, August 19th. Evercore reiterated an "outperform" rating and issued a $195.00 target price on shares of NRG Energy in a research note on Wednesday, August 5th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $198.43.
Check Out Our Latest Report on NRG Energy
NRG Energy Company Profile
(
Get Free Report)
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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