NRG Energy, Inc. $NRG Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 7.9% during the 3rd quarter, Holdings Channel reports. The fund owned 852,213 shares of the utilities provider’s stock after selling 72,647 shares during the quarter. Russell Investments Group Ltd.’s holdings in NRG Energy were worth $81,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NRG. Eurizon Capital SGR S.p.A. boosted its holdings in NRG Energy by 222.8% during the third quarter. Eurizon Capital SGR S.p.A. now owns 854,397 shares of the utilities provider’s stock worth $81,913,000 after buying an additional 589,678 shares in the last quarter. CENTRAL TRUST Co increased its holdings in NRG Energy by 6.6% in the third quarter. CENTRAL TRUST Co now owns 14,029 shares of the utilities provider’s stock valued at $1,342,000 after buying an additional 863 shares in the last quarter. Bingham Private Wealth LLC raised its position in shares of 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 shares of 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. Finally, Ritholtz Wealth Management acquired a new position in shares of NRG Energy in the third quarter worth about $251,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 1.0%

NRG Energy stock traded down $1.01 during midday trading on Friday, hitting $97.04. 1,460,028 shares of the stock were exchanged, compared to its average volume of 4,129,640. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 17.08 and a beta of 1.22. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 4.73. The stock’s 50-day simple moving average is $100.67 and its 200 day simple moving average is $132.36. NRG Energy, Inc. has a fifty-two week low of $79.65 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last posted its earnings results on Monday, November 9th. The utilities provider reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $1.33. NRG Energy had a net margin of 3.60% and a return on equity of 53.20%. The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $8.42 billion. During the same quarter in the prior year, the company posted $2.78 earnings per share. NRG Energy’s revenue for the quarter was up 24.0% compared to the same quarter last year. 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. On average, equities analysts anticipate that NRG Energy, Inc. will post 8.88 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a $0.4750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.90 annualized dividend and a dividend yield of 2.0%. NRG Energy’s payout ratio is 33.45%.

Insider Buying and Selling at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total transaction 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 $751,338.09. The trade was a 20.27% decrease in their position. The transaction 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. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on NRG shares. 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. BMO Capital Markets restated a “market perform” rating and issued a $214.00 price objective on shares of NRG Energy in a research report on Thursday, August 6th. BNP Paribas Exane set a $221.00 target price on NRG Energy in a research note on Wednesday, August 19th. Barclays decreased their target price on NRG Energy from $204.00 to $163.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 27th. Finally, Morgan Stanley dropped 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 research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.44.

NRG Energy Company Profile

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.