325,000 Shares of NRG Energy, Inc. $NRG Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 325,000 shares of the utilities provider’s stock, valued at approximately $31,086,000. Jefferies Financial Group Inc. owned about 0.15% of NRG Energy at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in NRG Energy during the 2nd quarter valued at about $473,391,000. Bank of America Corp DE increased its stake in NRG Energy by 16.7% in the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock worth $320,396,000 after purchasing an additional 313,410 shares during the period. Dimensional Fund Advisors LP increased its stake in NRG Energy by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock worth $320,145,000 after purchasing an additional 21,666 shares during the period. Pictet Asset Management Holding SA increased its stake in NRG Energy by 3.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,568,418 shares of the utilities provider’s stock worth $150,052,000 after purchasing an additional 54,629 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in NRG Energy by 96.3% in the second quarter. Assenagon Asset Management S.A. now owns 967,264 shares of the utilities provider’s stock valued at $141,279,000 after purchasing an additional 474,474 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NRG shares. Barclays dropped their price objective on NRG Energy from $204.00 to $163.00 and set an “overweight” rating for the company in a research note on Tuesday, October 27th. Weiss Ratings raised shares of NRG Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Williams Trading set a $165.00 target price on shares of NRG Energy in a research note on Wednesday, October 21st. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of NRG Energy from $173.00 to $159.00 and set an “outperformer” rating for the company in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.44.

Insider Activity

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction that occurred 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 owned 6,213 shares in the company, valued at $751,338.09. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Stock Up 0.3%

NYSE NRG opened at $97.41 on Thursday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.99 and a quick ratio of 0.89. The stock has a market capitalization of $20.55 billion, a PE ratio of 17.15 and a beta of 1.22. NRG Energy, Inc. has a 1 year low of $79.65 and a 1 year high of $189.96. The business’s 50-day moving average is $101.23 and its 200 day moving average is $132.92.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Monday, November 9th. The utilities provider reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.35 by $1.33. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.42 billion. NRG Energy had a return on equity of 53.20% and a net margin of 3.60%. NRG Energy’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 EPS. 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. Sell-side analysts forecast that NRG Energy, Inc. will post 8.62 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.4750 per share. The ex-dividend date of this dividend 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%.

NRG Energy 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.