32,826 Shares in NRG Energy, Inc. $NRG Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,826 shares of the utilities provider’s stock, valued at approximately $3,145,000.

A number of other hedge funds have also modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of NRG Energy during the 4th quarter valued at $27,000. EMC Capital Management purchased a new stake in NRG Energy in the 4th quarter worth $30,000. SHP Wealth Management purchased a new stake in NRG Energy in the 4th quarter worth $32,000. Hilton Head Capital Partners LLC raised its holdings in NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 73 shares during the period. Finally, Wellington Altus USA Inc. bought a new stake in NRG Energy during the second quarter valued at about $33,000. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NRG has been the topic of several research analyst reports. Weiss Ratings upgraded NRG Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Siebert Williams Shank assumed coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 target price for the company. Scotiabank cut their target price on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 5th. BMO Capital Markets reissued a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research note on Thursday, August 6th. Finally, BNP Paribas Exane set a $221.00 price target on NRG Energy in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $198.21.

Read Our Latest Stock Analysis on NRG Energy

Insider Buying and Selling

In related news, 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 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 approximately $751,338.09. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

NRG stock traded down $6.39 during mid-day trading on Wednesday, hitting $100.79. The company had a trading volume of 2,487,752 shares, compared to its average volume of 2,752,444. The company has a 50-day moving average price of $110.27 and a 200 day moving average price of $130.48. NRG Energy, Inc. has a 12-month low of $93.36 and a 12-month high of $189.96. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 26.67 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG – Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts anticipate that NRG Energy, Inc. will post 8.61 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a dividend of $0.4750 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a yield of 1.9%. NRG Energy’s dividend payout ratio is presently 50.26%.

About NRG Energy

(Free Report)

NRG Energy, Inc (NYSE:NRG) is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity and natural gas and provides energy-related products and services to residential, commercial, industrial and institutional customers.

NRG operates power generation assets that use a range of fuel sources, including natural gas, coal, nuclear power and renewable energy. It also develops and supports technologies such as battery storage and offers electricity, natural gas, renewable energy and energy-management services through retail brands including Reliant, Direct Energy, Green Mountain Energy and other regional providers.

In addition to its energy business, NRG provides smart-home, security, automation and related services through its Vivint operations.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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