Panagora Asset Management Inc. Lowers Holdings in NRG Energy, Inc. $NRG

Panagora Asset Management Inc. reduced its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,882 shares of the utilities provider's stock after selling 47,578 shares during the period. Panagora Asset Management Inc. owned approximately 0.20% of NRG Energy worth $62,286,000 as of its most recent SEC filing.Hims, Block, and NRG Just Launched Huge Stock Buybacks Other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in shares of NRG Energy during the 2nd quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of NRG Energy in the first quarter worth approximately $28,000. Bank of Jackson Hole Trust bought a new stake in NRG Energy during the second quarter valued at approximately $28,000. Fourth Dimension Wealth LLC purchased a new stake in NRG Energy during the second quarter valued at approximately $32,000. Finally, Kiker Wealth Management LLC bought a new position in NRG Energy in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.72% of the company's stock. NRG Energy Stock Up 0.0%NYSE NRG opened at $168.57 on Monday. The stock has a 50 day moving average price of $167.22 and a 200-day moving average price of $159.22. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $180.54. The company has a market capitalization of $32.30 billion, a P/E ratio of 76.28 and a beta of 1.16. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. Best Utilities Stocks for Stability and Growth in 2025NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $7.64 billion during the quarter, compared to analysts' expectations of $7.53 billion. During the same period last year, the company posted $1.90 EPS. The business's revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year. NRG Energy Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, November 3rd. NRG Energy's dividend payout ratio is presently 26.31%. 2 Energy Stocks to Play Both Sides of Tariff UncertaintyNRG Energy announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the utilities provider to purchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued. Wall Street Analysts Forecast GrowthA number of brokerages have issued reports on NRG. Barclays increased their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius Research initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price for the company. Weiss Ratings reissued a "buy (b)" rating on shares of NRG Energy in a report on Tuesday, November 25th. BMO Capital Markets increased their price objective on shares of NRG Energy from $185.00 to $195.00 and gave the company a "market perform" rating in a report on Friday, November 7th. Finally, Scotiabank began coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.31.Get Our Latest Research Report on NRGInsiders Place Their BetsIn other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Virginia Kinney sold 20,000 shares of the firm's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the sale, the vice president owned 43,191 shares of the company's stock, valued at $7,075,549.62. This trade represents a 31.65% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is owned by company insiders. NRG Energy Profile (Free Report)NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.See AlsoFive stocks we like better than NRG EnergyLow PE Growth Stocks: Unlocking Investment OpportunitiesWorried About Inflation? These 3 ETFs Offer Real ProtectionShould You Add These Warren Buffett Stocks to Your Portfolio?Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday RallyWhat Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryKlarna's Crypto Play: A Plan to Fix Its Profit ProblemWant to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in NRG Energy Right Now?Before you consider NRG Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NRG Energy wasn't on the list.While NRG Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here