8,950 Shares of NRG Energy, Inc. $NRG Acquired by Heritage Wealth Management Inc.

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

Other institutional investors have also recently made changes to their positions in the company. Wellington Altus USA Inc. acquired a new stake in NRG Energy during the 2nd quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of NRG Energy during the 1st quarter valued at about $33,000. CoreCap Advisors LLC increased its holdings in NRG Energy by 83.8% in the second quarter. CoreCap Advisors LLC now owns 250 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 114 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in NRG Energy by 1,673.3% in the first quarter. Whipplewood Advisors LLC now owns 266 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 251 shares in the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in NRG Energy in the third quarter valued at approximately $27,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 1.7%

NRG stock opened at $95.91 on Friday. The firm has a market capitalization of $20.24 billion, a PE ratio of 25.37 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, Inc. has a twelve month low of $90.80 and a twelve month high of $189.96. The stock’s 50 day moving average is $104.54 and its 200-day moving average is $135.30.

NRG Energy (NYSE:NRG) last announced 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). The company had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 8.62 EPS for the current fiscal year.

NRG Energy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on NRG shares. Jefferies Financial Group set a $131.00 price objective on shares of NRG Energy in a research report on Monday, October 19th. 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. Weiss Ratings upgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. BNP Paribas Exane set a $221.00 target price on shares of NRG Energy in a research note on Wednesday, August 19th. Finally, Scotiabank decreased their price target on shares of NRG Energy from $162.00 to $149.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.56.

Insider Activity

In other NRG Energy 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 value of $191,069.40. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

NRG Energy Company 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.