NRG Energy, Inc
At today's price, NRG Energy, Inc (NRG) is priced for +9.7% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• NRG sells electricity and home services to retail customers and owns the power plants behind that load, a combination that lets it profit from the spread between what it generates and what it sells, with retail the dominant 96% of revenue. • The defining risk is leverage against a volatile commodity: net debt sits above $23 billion, interest coverage is thin on reported operating income, and retail rates lag wholesale power prices, so a price spike can squeeze margins before rates catch up. •
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1,028 institutional managers reported holding NRG in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 52%. 133 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 5.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NRG has cut its share count 15.5% over the past five years, spending $4.55B on repurchases. It pays a dividend, and has for 6 years running, raised 5 years straight; the current rate is $1.76 a share annually. Cash returned over the past three years: $1.16B in dividends and $3.89B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NRG over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NRG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -0.8% | +10.9% |
| 2023-11-03 | +2.6% | +14.9% |
| 2024-02-29 | +2.3% | +35.9% |
| 2024-05-08 | -2.7% | +4.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NRG's latest 8-K filings: 2026-07-15 (items 8.01); 2026-05-21 (items 5.02, 7.01, 9.01); 2026-05-06 (items 2.02, 9.01); 2026-05-01 (items 5.07); 2026-04-28 (items 1.01, 2.03, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.