HBK Investments L P Decreases Holdings in NRG Energy, Inc. $NRG

HBK Investments L P reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 46.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,000 shares of the utilities provider’s stock after selling 7,000 shares during the quarter. HBK Investments L P’s holdings in NRG Energy were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Reaves W H & Co. Inc. boosted its holdings in NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock valued at $91,026,000 after purchasing an additional 276,157 shares in the last quarter. Foster & Motley Inc. acquired a new stake in NRG Energy during the second quarter worth approximately $2,014,000. BNP Paribas Financial Markets raised its holdings in NRG Energy by 83.8% during the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock worth $90,522,000 after purchasing an additional 259,113 shares in the last quarter. Tema ETFs LLC lifted its position in shares of NRG Energy by 1,481.8% during the 2nd quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider’s stock worth $8,726,000 after buying an additional 55,968 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of NRG Energy by 10.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock valued at $83,315,000 after buying an additional 51,360 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the business’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 value of $191,069.40. Following the transaction, the chief accounting officer owned 6,213 shares of the company’s stock, valued at approximately $751,338.09. The trade was a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE:NRG traded up $1.33 on Wednesday, reaching $107.32. The company’s stock had a trading volume of 2,008,591 shares, compared to its average volume of 2,696,633. NRG Energy, Inc. has a 52-week low of $105.13 and a 52-week high of $189.96. The stock has a market capitalization of $22.64 billion, a P/E ratio of 28.39 and a beta of 1.18. The stock’s 50-day moving average is $123.33 and its two-hundred day moving average is $138.43. 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 (NYSE:NRG) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The company had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 8.6 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is 50.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NRG shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a research report on Wednesday, August 19th. Williams Trading set a $184.00 price objective on shares of NRG Energy in a research note on Monday, July 6th. Weiss Ratings raised NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, Barclays lifted their target price on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $198.43.

NRG Energy Company Profile

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.