Insider Selling: NRG Energy (NYSE:NRG) CAO Sells $191,069.40 in Stock

NRG Energy, Inc. (NYSE:NRG) CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NRG Energy Trading Up 1.6%

NYSE NRG opened at $113.39 on Friday. NRG Energy, Inc. has a one year low of $108.34 and a one year high of $189.96. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a market cap of $23.92 billion, a P/E ratio of 30.00 and a beta of 1.18. The stock’s 50-day moving average is $124.62 and its 200-day moving average is $139.77.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The company’s revenue 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. Sell-side analysts anticipate that NRG Energy, Inc. will post 8.6 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors 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 yield of 1.7%. NRG Energy’s dividend payout ratio (DPR) is presently 50.26%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NRG. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a report on Wednesday, August 19th. Barclays boosted their price objective on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Siebert Williams Shank started coverage on NRG Energy in a research report on Monday, July 6th. They issued a “buy” rating and a $184.00 target price on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.43.

Institutional Investors Weigh In On NRG Energy

A number of large investors have recently modified their holdings of NRG. California State Teachers Retirement System lifted its stake in shares of NRG Energy by 14,662.9% in the 2nd quarter. California State Teachers Retirement System now owns 34,582,918 shares of the utilities provider’s stock valued at $5,051,181,000 after acquiring an additional 34,348,662 shares during the last quarter. State Street Corp increased its holdings in NRG Energy by 2.2% in the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock worth $1,730,685,000 after purchasing an additional 234,666 shares in the last quarter. Victory Capital Management Inc. raised its position in NRG Energy by 178.1% in 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. Geode Capital Management LLC boosted its stake in shares of NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after purchasing an additional 82,162 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of NRG Energy by 0.6% during the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after purchasing an additional 31,238 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

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.