Gerald Alfred Spencer Sells 1,580 Shares of NRG Energy (NYSE:NRG) Stock

NRG Energy, Inc. (NYSE:NRG) CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 6,213 shares in the company, valued at $751,338.09. This represents a 20.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NRG Energy Price Performance

Shares of NYSE NRG opened at $111.86 on Friday. The stock has a market capitalization of $23.60 billion, a PE ratio of 29.59 and a beta of 1.18. 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 business has a fifty day moving average price of $125.08 and a two-hundred day moving average price of $139.96. NRG Energy, Inc. has a fifty-two week low of $108.34 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The business’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. As a group, equities analysts predict that NRG Energy, Inc. will post 8.6 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.7%. NRG Energy’s dividend payout ratio is currently 50.26%.

Institutional Investors Weigh In On NRG Energy

A number of hedge funds have recently made changes to their positions in NRG. MV Capital Management Inc. acquired a new position in NRG Energy during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new stake in NRG Energy in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy during the fourth quarter worth $28,000. EMC Capital Management acquired a new position in shares of NRG Energy during the fourth quarter worth $30,000. Finally, SHP Wealth Management acquired a new position in shares of NRG Energy during the fourth quarter worth $32,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on NRG. Morgan Stanley dropped 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 report on Friday, August 21st. Williams Trading set a $184.00 price target on shares of NRG Energy in a research report on Monday, July 6th. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Evercore restated an “outperform” rating and set a $195.00 target price on shares of NRG Energy in a research note on Wednesday, August 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $214.00 target price on shares of NRG Energy in a report on Thursday, August 6th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.