BI Asset Management Fondsmaeglerselskab A S lowered its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 97.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931 shares of the utilities provider’s stock after selling 40,991 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NRG Energy were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its stake in shares of NRG Energy by 2.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after purchasing an additional 161 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after buying an additional 174 shares during the last quarter. Czech National Bank increased its holdings in shares of NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after buying an additional 181 shares during the period. Savant Capital LLC lifted its stake in shares of NRG Energy by 1.7% in the 4th quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock valued at $659,000 after acquiring an additional 212 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 226 shares during the period. 97.72% of the stock is currently owned by institutional investors.
NRG Energy Trading Up 0.4 %
NYSE:NRG opened at $79.93 on Friday. The company has a 50-day moving average price of $80.37 and a 200-day moving average price of $67.26. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 11.32 and a beta of 1.07. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a 12 month low of $35.97 and a 12 month high of $87.58.
NRG Energy (NYSE:NRG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The company had revenue of $7.43 billion during the quarter. Equities analysts predict that NRG Energy, Inc. will post 4.5 EPS for the current year.
NRG Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.04%. NRG Energy’s payout ratio is 23.09%.
Insiders Place Their Bets
In other news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the sale, the insider now owns 266,064 shares in the company, valued at approximately $22,192,398.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Evercore ISI lifted their price target on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. Morgan Stanley lifted their target price on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets increased their price target on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.00.
About NRG Energy
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 Also
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