NRG Energy, Inc. (NYSE:NRG) Stock Position Lessened by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 22.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,370 shares of the utilities provider’s stock after selling 12,911 shares during the period. Federated Hermes Inc.’s holdings in NRG Energy were worth $2,294,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after buying an additional 226 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in NRG Energy by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 17,828 shares of the utilities provider’s stock valued at $687,000 after buying an additional 270 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in NRG Energy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 6,371 shares of the utilities provider’s stock valued at $245,000 after buying an additional 290 shares in the last quarter. Van ECK Associates Corp boosted its stake in NRG Energy by 9.6% during the third quarter. Van ECK Associates Corp now owns 3,400 shares of the utilities provider’s stock valued at $131,000 after buying an additional 297 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in NRG Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 8,515 shares of the utilities provider’s stock valued at $440,000 after buying an additional 306 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.1 %

NRG opened at $72.81 on Monday. The business has a 50 day moving average price of $65.17 and a 200 day moving average price of $54.37. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54. 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 $15.63 billion, a P/E ratio of -68.05 and a beta of 1.13.

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

NRG Energy Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently -152.34%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NRG shares. BMO Capital Markets increased their price target on NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. Wells Fargo & Company increased their price target on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Citigroup increased their price target on 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 increased their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.50.

Insiders Place Their Bets

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the transaction, the vice president now directly owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company 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.