Scotia Capital Inc. Sells 1,709 Shares of NRG Energy, Inc. (NYSE:NRG)

Scotia Capital Inc. lessened its holdings in NRG Energy, Inc. (NYSE:NRG – Get Rating) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,852 shares of the utilities provider’s stock after selling 1,709 shares during the quarter. Scotia Capital Inc.’s holdings in NRG Energy were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of NRG Energy by 17.6% in the third quarter. California Public Employees Retirement System now owns 560,946 shares of the utilities provider’s stock worth $21,467,000 after purchasing an additional 83,806 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in NRG Energy during the third quarter worth $944,000. First Trust Advisors LP raised its position in NRG Energy by 3.4% during the third quarter. First Trust Advisors LP now owns 811,828 shares of the utilities provider’s stock worth $31,069,000 after acquiring an additional 26,512 shares in the last quarter. Vontobel Holding Ltd. raised its position in NRG Energy by 11.0% during the third quarter. Vontobel Holding Ltd. now owns 11,700 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in NRG Energy during the third quarter worth $333,000. Institutional investors own 99.98% of the company’s stock.

NRG Energy Price Performance

NRG opened at $33.49 on Friday. The company’s 50 day moving average is $33.33 and its 200-day moving average is $34.80. NRG Energy, Inc. has a 1-year low of $30.25 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 4.66, a quick ratio of 0.92 and a current ratio of 0.99.

NRG Energy (NYSE:NRG – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The utilities provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.21. The business had revenue of $7.86 billion during the quarter, compared to analyst estimates of $8.67 billion. NRG Energy had a negative net margin of 5.90% and a positive return on equity of 17.12%. As a group, equities analysts expect that NRG Energy, Inc. will post 6.31 earnings per share for the current fiscal year.

NRG Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were issued a dividend of $0.377 per share. The ex-dividend date of this dividend was Friday, April 28th. This represents a $1.51 annualized dividend and a yield of 4.50%. NRG Energy’s payout ratio is -19.04%.

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. TheStreet lowered shares of NRG Energy from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. Bank of America raised shares of NRG Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $36.00 in a research report on Monday, March 20th. Morgan Stanley upped their price target on shares of NRG Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 20th. Finally, StockNews.com initiated coverage on shares of NRG Energy in a research report on Thursday. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.25.

NRG Energy Company Profile

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NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.