589,678 NRG Energy, Inc. $NRG Shares Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 222.8% during the 3rd quarter, Holdings Channel reports. The firm owned 854,397 shares of the utilities provider’s stock after purchasing an additional 589,678 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in NRG Energy were worth $81,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co boosted its holdings in shares of NRG Energy by 6.6% in the 3rd quarter. CENTRAL TRUST Co now owns 14,029 shares of the utilities provider’s stock worth $1,342,000 after buying an additional 863 shares during the last quarter. Bingham Private Wealth LLC raised its position in NRG Energy by 10.5% in the third quarter. Bingham Private Wealth LLC now owns 3,590 shares of the utilities provider’s stock worth $343,000 after acquiring an additional 340 shares during the period. Maryland State Retirement & Pension System raised its position in NRG Energy by 14.3% in the third quarter. Maryland State Retirement & Pension System now owns 12,282 shares of the utilities provider’s stock worth $1,175,000 after acquiring an additional 1,533 shares during the period. Ritholtz Wealth Management bought a new stake in NRG Energy in the third quarter worth about $251,000. Finally, Jefferies Financial Group Inc. purchased a new position in NRG Energy in the third quarter valued at about $31,086,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the business’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 value of $191,069.40. Following the sale, the chief accounting officer owned 6,213 shares of the company’s stock, valued at $751,338.09. The trade was a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NRG shares. Williams Trading set a $165.00 target price on shares of NRG Energy in a research report on Wednesday, October 21st. Canadian Imperial Bank of Commerce lowered their price target on shares of NRG Energy from $173.00 to $159.00 and set an “outperformer” rating on the stock in a report on Wednesday, October 28th. Morgan Stanley lowered their price target on shares of NRG Energy from $159.00 to $144.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Wells Fargo & Company dropped their price objective on NRG Energy from $209.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Finally, Raymond James Financial set a $150.00 price objective on NRG Energy and gave the company a “strong-buy” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.44.

NRG Energy Trading Up 0.5%

Shares of NRG opened at $97.97 on Friday. NRG Energy, Inc. has a fifty-two week low of $79.65 and a fifty-two week high of $189.96. The business has a 50-day moving average of $100.97 and a 200 day moving average of $132.66. The firm has a market cap of $20.57 billion, a P/E ratio of 17.25 and a beta of 1.22. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.89 and a current ratio of 0.99.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Monday, November 9th. The utilities provider reported $4.68 EPS for the quarter, beating the consensus estimate of $3.35 by $1.33. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.42 billion. NRG Energy had a net margin of 3.60% and a return on equity of 53.20%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. NRG Energy has set its FY 2027 guidance at 8.050-10.050 EPS and its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts forecast that NRG Energy, Inc. will post 8.91 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.4750 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.9%. NRG Energy’s payout ratio is 33.45%.

About NRG Energy

NRG Energy, Inc. is an integrated energy company that produces and sells electricity and natural gas and provides home services. Its businesses serve residential, commercial and industrial customers, primarily in the United States and Canada. The company supplies retail electricity and natural gas through a range of plans and brands, while its power-generation operations help support electricity markets across its service areas. NRG also offers energy-management programs and related services for businesses and other large customers.