CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $5.9M to NRG Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its stake in NRG Energy, Inc. by 62,200 shares, bringing its total to 274,900 shares. This increase is valued at about $5.9 million and was disclosed in a filing on October 26, 2026.

In its latest filing, Cushing Asset Management reported a total value of $26,294,185 for its NRG position, which now represents 1.86% of its total reported value of $1,416,598,802. The fund ranks 19th out of its 73 positions. This move reflects a 29.2% increase in its holdings since the end of the previous reporting period on September 30, 2026.

NRG NRG Energy, Inc.

$93.61 ▼ -43.11% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in NRG Energy

Franklin Resources, Inc. increased its holdings in NRG Energy by 5,346,983 shares, ending with 13,049,349 shares worth about $1.2 billion. Victory Capital Management Inc. also added 2,358,980 shares, bringing its total to 9,524,776 shares valued at approximately $891.6 million. Millennium Management LLC grew its position by 2,271,746 shares, resulting in 4,257,712 shares worth around $398.6 million.

NRG Energy, Inc. Stock Down 0.8%

As of October 26, 2026, NRG Energy shares closed at $93.61, which is about equal to its recent trading price. The stock has shown stability, trading near this level recently.

Recent Earnings

NRG Energy reported trailing twelve-month revenue of approximately $33.1 billion and an EPS of $3.82. The company has a net margin of 2.6% and a return on equity (ROE) of 23.8%. NRG Energy's next earnings report is scheduled for November 5, 2026.

Dividend

NRG Energy pays an annual dividend of $1.90 per share, resulting in a yield of approximately 2.03%. The payout ratio stands at 47.9%.

Insider Buying and Selling at NRG Energy, Inc.

Several insiders at NRG Energy sold shares recently. Virginia Kinney, an officer, sold 20,000 shares at an average price of $127.52 on June 15, 2026, valued at about $2.55 million. On July 15, 2026, she sold an additional 11,145 shares at $140.64, totaling approximately $1.57 million. Gerald Alfred Spencer also sold 1,580 shares at $120.93 on September 8, 2026, valued at about $191,069.

Analysts Set New Price Targets

On October 22, 2026, HSBC initiated coverage on NRG Energy with a Buy rating and a price target of $179. Earlier, on October 21, Morgan Stanley maintained an Equal-Weight rating with a target of $144. The consensus from analysts shows a mix of ratings, reflecting varying views on the stock's potential.

About NRG Energy

NRG Energy, Inc. operates as an energy and home services company in the United States and Canada, providing retail electricity, energy management, and smart home services. This boost in position by Cushing Asset Management signals confidence in NRG's ongoing performance and growth potential.

Bottom Line

Investors should keep an eye on NRG Energy's upcoming earnings report on November 5, 2026, and watch for further filings from Cushing Asset Management. The fund's increase in stake might indicate a growing belief in NRG's market position and future prospects.