Heritage Wealth Management Inc. Makes New Investment in NRG Energy, Inc. $NRG

Heritage Wealth Management Inc. bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,950 shares of the utilities provider’s stock, valued at approximately $856,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Foster & Motley Inc. purchased a new stake in NRG Energy during the second quarter valued at about $2,014,000. Tema ETFs LLC raised its position in shares of NRG Energy by 1,481.8% in the second quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider’s stock valued at $8,726,000 after purchasing an additional 55,968 shares during the period. Oliver Luxxe Assets LLC purchased a new stake in shares of NRG Energy during the 2nd quarter valued at approximately $6,456,000. Oaktree Capital Management LP purchased a new stake in shares of NRG Energy during the 1st quarter valued at approximately $7,165,000. Finally, Sei Investments Co. boosted its holdings in NRG Energy by 50.4% in the 1st quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider’s stock worth $125,268,000 after buying an additional 287,381 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of NRG Energy stock in a transaction 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 sale, the chief accounting officer owned 6,213 shares of the company’s stock, valued at approximately $751,338.09. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Price Performance

Shares of NYSE:NRG opened at $95.91 on Friday. The company has a 50 day moving average of $104.54 and a 200 day moving average of $135.30. The stock has a market cap of $20.24 billion, a P/E ratio of 25.37 and a beta of 1.17. NRG Energy, Inc. has a 12 month low of $90.80 and a 12 month high of $189.96. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17.

NRG Energy (NYSE:NRG) last posted 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 return on equity of 52.95% and a net margin of 2.56%. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the company posted $1.73 EPS. The business’s 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. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 8.62 EPS for the current fiscal year.

NRG Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NRG. UBS Group reiterated a “strong-buy” rating and issued a $152.00 price objective on shares of NRG Energy in a research note on Wednesday, October 21st. BMO Capital Markets restated a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $195.00 target price on shares of NRG Energy in a research report on Wednesday, August 5th. Scotiabank reduced their price target on NRG Energy from $162.00 to $149.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Finally, HSBC started coverage on NRG Energy in a research note on Thursday, October 22nd. They set a “buy” rating and a $179.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.56.

About NRG Energy

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.