Huntleigh Advisors Reduces Stake in NRG Energy Amid Market Changes

Huntleigh Advisors Inc. has reduced its stake in NRG Energy, Inc. (NYSE: NRG) by 2.5% during the second quarter of 2024, as detailed in its recent 13F filing with the Securities and Exchange Commission (SEC). The advisory firm now holds 3,874 shares of the utility provider after selling 100 shares in the quarter, with the total value of these holdings amounting to approximately $622,000.

Several other significant investors have also adjusted their positions in NRG Energy. BXM Wealth LLC acquired a new stake valued at $245,000 during the same period. Meanwhile, Private Trust Co. NA increased its holdings by an impressive 85.0%, owning 2,742 shares worth about $440,000 after purchasing an additional 1,260 shares. Nordea Investment Management AB also raised its stake by 2.7%, bringing its total to 10,736 shares, which are now valued at $1,733,000.

In a notable move, the New York State Teachers Retirement System increased its shares by 5.6%, now owning 210,922 shares worth $33.87 million after acquiring 11,173 additional shares. Lastly, Mutual Advisors LLC entered the market with a new investment estimated at $369,000. Currently, institutional investors and hedge funds own approximately 97.72% of NRG’s stock.

Insider Transactions and Stock Performance

In related news, NRG Energy’s Vice President, Dak Liyanearachchi, sold 10,672 shares on September 10, 2024, at an average price of $155.00, totaling $1,654,160.00. Following this transaction, Liyanearachchi now holds 48,571 shares valued at $7.53 million, marking an 18.01% decrease in his position. This transaction has been duly disclosed in a filing with the SEC.

As of September 15, 2024, NRG Energy’s stock opened at $169.22. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88, and a current ratio of 0.93. The firm’s fifty-day moving average stands at $158.08, while its two-hundred-day moving average is $145.52. NRG Energy, with a market capitalization of $32.73 billion, has a price-to-earnings (P/E) ratio of 76.57 and a beta of 1.14. The stock has fluctuated between a fifty-two week low of $79.57 and a high of $175.96.

Recent Earnings and Dividends

NRG Energy recently reported its earnings results on August 6, 2024. The company achieved earnings per share (EPS) of $1.68 for the quarter, slightly below analysts’ expectations of $1.72. Despite this, NRG reported revenue of $6.74 billion, exceeding the $6.63 billion forecast. Compared to the same quarter last year, the company experienced a revenue increase of 1.2% and an EPS rise from $3.37 in the previous year.

Moreover, NRG Energy declared a quarterly dividend, which was distributed on August 15, 2024. Shareholders who were on record as of August 1, 2024, received a dividend of $0.44, translating to an annualized dividend of $1.76 and a yield of 1.0%. The company’s payout ratio currently stands at 79.64%.

NRG Energy, Inc., along with its subsidiaries, operates as an energy and home services company in both the United States and Canada. It generates electricity from various sources, including coal, oil, solar, and battery storage, and offers a cloud-based home platform that includes hardware, software, sales, installation, and professional monitoring services.