The Manufacturers Life Insurance Company Sells 345 Shares of NRG Energy, Inc. (NYSE:NRG)

The Manufacturers Life Insurance Company lowered its position in NRG Energy, Inc. (NYSE:NRGFree Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266,416 shares of the utilities provider’s stock after selling 345 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of NRG Energy worth $13,774,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NRG. CENTRAL TRUST Co grew its holdings in NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. grew its holdings 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 purchasing an additional 226 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in NRG Energy during the fourth quarter valued at about $51,000. Quadrant Capital Group LLC grew its holdings in NRG Energy by 37.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,524 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 412 shares during the period. Finally, GAMMA Investing LLC bought a new stake in NRG Energy during the fourth quarter valued at about $106,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 2.7 %

NRG opened at $79.97 on Tuesday. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 11.33 and a beta of 1.07. The stock’s 50 day moving average price is $76.96 and its 200-day moving average price is $62.02. NRG Energy, Inc. has a one year low of $32.94 and a one year high of $87.58. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01.

NRG Energy (NYSE:NRGGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. On average, equities analysts forecast that NRG Energy, Inc. will post 6.08 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed 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 was Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.04%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective 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. Wells Fargo & Company upped their price objective on NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. BMO Capital Markets upped their price objective on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Morgan Stanley upped their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

Get Our Latest Stock Analysis on NRG

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 24,546 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NRG Energy 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 sale, the vice president now owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rasesh M. Patel sold 24,546 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the sale, the insider now directly owns 266,064 shares in the company, valued at approximately $22,192,398.24. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

NRG Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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