Highland Capital Management 13F: Exits NRG Energy (NRG) Stake

Highland Capital Management sold its entire stake of 31,530 shares of NRG Energy, Inc. (NYSE: NRG) in a filing on October 26, 2026.

NRG NRG Energy, Inc.

$93.61 ▼ -43.11% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Highland Capital Management's NRG Position

Highland Capital Management exited its position in NRG Energy, selling 31,530 shares and reporting a 100% decrease in its holdings. Previously, the fund had maintained a full stake in the company, which was a notable part of its portfolio.

Where NRG Energy Fits in Highland Capital Management's Portfolio

NRG Energy represented a significant portion of Highland Capital Management's holdings before this exit. The fund's total reported value at the time of the filing was approximately $833.1 million, with NRG being one of 415 positions in its portfolio.

Other Institutional Activity in NRG Energy

On the same day, Tokio Marine Asset Management also sold out of its entire position, shedding 9,964 shares of NRG Energy. Meanwhile, Cushing Asset Management increased its stake by 62,200 shares, bringing its total to 274,900 shares worth about $26.3 million. Other funds like Franklin Resources and Victory Capital Management have also adjusted their positions in NRG recently, reflecting varied strategies among institutional investors.

NRG Energy, Inc. Stock Down 0.8%

NRG Energy's stock recently traded around $93.61, which is about equal to its closing price on October 26, 2026. The stock has seen fluctuations, but this recent price holds steady relative to its performance during the reporting period.

Recent Earnings

For the trailing twelve months, NRG Energy reported revenues of approximately $33.1 billion and earnings per share (EPS) of $3.82. The company is set to announce its next earnings on November 5, 2026, which could provide further insights into its financial health.

Insider Buying and Selling at NRG Energy, Inc.

Several insiders have sold shares recently, including Virginia Kinney, an officer, who sold 20,000 shares on June 15, 2026, at an average price of $127.52. This trend of insider selling may reflect broader strategic adjustments within the company.

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, Morgan Stanley maintained its Equal-Weight rating with a target of $144 on October 21, 2026. The consensus among analysts shows a mixed outlook, with a mean price target reflecting ongoing evaluations of the company's performance.

About NRG Energy

NRG Energy, Inc. operates as an energy and home services company in the U.S. and Canada. It provides retail electricity, energy management, and smart home services, making it a key player in the utilities sector. This recent sell-off by Highland Capital Management could indicate a shift in sentiment regarding the company's future prospects.

Bottom Line

Investors should keep an eye on NRG Energy's upcoming earnings report on November 5, 2026, as well as any further filings from institutional investors. The changes in Highland Capital Management's position may signal broader trends in the market as firms reassess their strategies in the utilities sector.