NRG Energy, Inc. $NRG Shares Bought by Community Bank of Raymore

Community Bank of Raymore lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 43.1% during the third quarter, Holdings Channel reports. The firm owned 62,950 shares of the utilities provider’s stock after buying an additional 18,950 shares during the period. NRG Energy comprises about 3.4% of Community Bank of Raymore’s holdings, making the stock its 7th largest position. Community Bank of Raymore’s holdings in NRG Energy were worth $6,021,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its position in NRG Energy by 7.2% in the third quarter. Signaturefd LLC now owns 5,423 shares of the utilities provider’s stock worth $519,000 after buying an additional 364 shares during the period. Citizens Financial Group Inc. RI lifted its stake in NRG Energy by 284.8% in the third quarter. Citizens Financial Group Inc. RI now owns 8,401 shares of the utilities provider’s stock valued at $804,000 after buying an additional 6,218 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in NRG Energy by 118.2% in the third quarter. Evergreen Capital Management LLC now owns 5,100 shares of the utilities provider’s stock valued at $488,000 after buying an additional 2,763 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of NRG Energy by 15.6% during the third quarter. Inspire Investing LLC now owns 52,087 shares of the utilities provider’s stock valued at $4,982,000 after acquiring an additional 7,025 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of NRG Energy by 1.2% during the third quarter. Yousif Capital Management LLC now owns 21,088 shares of the utilities provider’s stock valued at $2,017,000 after acquiring an additional 242 shares during the period. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Morgan Stanley cut their price objective on shares of NRG Energy from $159.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group set a $131.00 target price on shares of NRG Energy in a research note on Monday, October 19th. HSBC assumed coverage on shares of NRG Energy in a research note on Thursday. They set a “buy” rating and a $179.00 target price for the company. Finally, Raymond James Financial set a $152.00 target price on shares of NRG Energy in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.20.

Insiders Place Their Bets

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

NRG Energy Stock Down 2.2%

Shares of NRG Energy stock opened at $92.27 on Friday. 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 business’s fifty day moving average price is $106.81 and its two-hundred day moving average price is $127.85. The company has a market capitalization of $19.47 billion, a P/E ratio of 24.41 and a beta of 1.17.

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 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 business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the company posted $1.73 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts forecast that NRG Energy, Inc. will post 8.62 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.4750 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.90 annualized dividend and a yield of 2.1%. NRG Energy’s dividend payout ratio is presently 50.26%.

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.