62,200 NRG Energy, Inc. $NRG Shares Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in NRG Energy, Inc. (NYSE:NRG) by 29.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 274,900 shares of the utilities provider’s stock after acquiring an additional 62,200 shares during the period. NRG Energy accounts for 1.2% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 27th biggest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in NRG Energy were worth $26,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NRG. Bank of New York Mellon Corp acquired a new stake in shares of NRG Energy during the 2nd quarter worth approximately $473,391,000. Bank of America Corp DE raised its holdings 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 valued at $320,396,000 after buying an additional 313,410 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NRG Energy by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock valued at $320,145,000 after acquiring an additional 21,666 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NRG Energy by 96.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 967,264 shares of the utilities provider’s stock worth $141,279,000 after buying an additional 474,474 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of NRG Energy by 50.4% in the first quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider’s stock worth $125,268,000 after acquiring an additional 287,381 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were 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 legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

NRG Energy Stock Up 1.3%

Shares of NRG opened at $93.55 on Tuesday. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. NRG Energy, Inc. has a 1 year low of $90.80 and a 1 year high of $189.96. The stock has a 50 day simple moving average of $106.31 and a two-hundred day simple moving average of $136.32. The firm has a market cap of $19.74 billion, a P/E ratio of 24.75 and a beta of 1.17.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The company had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the firm posted $1.73 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, analysts forecast that NRG Energy, Inc. will post 8.62 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.4750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.90 annualized dividend and a yield of 2.0%. NRG Energy’s payout ratio is presently 50.26%.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Siebert Williams Shank assumed coverage on NRG Energy in a research report on Monday, July 6th. They issued a “buy” rating and a $184.00 price target for the company. Jefferies Financial Group set a $131.00 target price on NRG Energy in a report on Monday, October 19th. Raymond James Financial set a $152.00 price objective on shares of NRG Energy in a research report on Wednesday, October 21st. Finally, Barclays boosted their price objective on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.20.

NRG Energy Profile

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.