Xponance Inc. Has $5.14 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Xponance Inc. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,330 shares of the utilities provider’s stock after selling 7,013 shares during the quarter. Xponance Inc.’s holdings in NRG Energy were worth $5,135,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in NRG Energy by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider’s stock worth $220,696,000 after buying an additional 156,974 shares during the last quarter. Permian Investment Partners LP raised its holdings in shares of NRG Energy by 1.4% in the 1st quarter. Permian Investment Partners LP now owns 5,326,801 shares of the utilities provider’s stock worth $204,336,000 after acquiring an additional 73,000 shares during the last quarter. Geode Capital Management LLC lifted its position in NRG Energy by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 5,142,403 shares of the utilities provider’s stock valued at $177,483,000 after acquiring an additional 64,942 shares in the last quarter. Barclays PLC boosted its stake in NRG Energy by 25.7% during the 2nd quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider’s stock valued at $162,899,000 after purchasing an additional 891,443 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in NRG Energy by 8.9% during the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider’s stock worth $92,502,000 after purchasing an additional 197,122 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NRG. Morgan Stanley raised their target price on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets upped their target price on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Citigroup raised their price target on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Evercore ISI upped their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and an average target price of $59.50.

NRG Energy Price Performance

NRG opened at $69.97 on Friday. NRG Energy, Inc. has a fifty-two week low of $30.52 and a fifty-two week high of $76.54. The firm has a 50-day moving average of $63.16 and a 200 day moving average of $53.12. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market cap of $15.02 billion, a P/E ratio of -65.39 and a beta of 1.13.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.51 billion. On average, research analysts expect that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently -152.34%.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.