New York Life Investment Management LLC Has $1.68 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

New York Life Investment Management LLC decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,529 shares of the utilities provider’s stock after selling 1,199 shares during the quarter. New York Life Investment Management LLC’s holdings in NRG Energy were worth $1,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Savant Capital LLC lifted its stake in 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 purchasing an additional 212 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in NRG Energy during the 4th quarter worth $354,000. Headlands Technologies LLC acquired a new position in NRG Energy in the 4th quarter worth about $118,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of NRG Energy by 14.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,205 shares of the utilities provider’s stock valued at $424,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Carret Asset Management LLC grew its holdings in shares of NRG Energy by 6.1% during the fourth quarter. Carret Asset Management LLC now owns 8,810 shares of the utilities provider’s stock worth $455,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NRG Energy Trading Up 1.7 %

Shares of NYSE:NRG opened at $77.92 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. NRG Energy, Inc. has a 52-week low of $30.62 and a 52-week high of $78.39. The business’s 50 day simple moving average is $67.94 and its two-hundred day simple moving average is $55.79.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. As a group, equities analysts forecast that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.09%. NRG Energy’s dividend payout ratio is presently -152.34%.

Insider Activity at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the 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 completion of the sale, the vice president now directly owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

NRG Energy Company Profile

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.