Focus Partners Wealth Sells 3,057 Shares of NRG Energy, Inc. $NRG

Focus Partners Wealth decreased its stake in NRG Energy, Inc. (NYSE:NRG) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,719 shares of the utilities provider’s stock after selling 3,057 shares during the period. Focus Partners Wealth’s holdings in NRG Energy were worth $4,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NRG. Brighton Jones LLC lifted its stake in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,528 shares during the last quarter. Graham Capital Management L.P. bought a new position in NRG Energy in the 4th quarter valued at approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NRG Energy by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the utilities provider’s stock valued at $1,703,000 after purchasing an additional 820 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in NRG Energy by 18.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,292 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 1,460 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in NRG Energy by 2.2% in the 4th quarter. ProShare Advisors LLC now owns 46,766 shares of the utilities provider’s stock valued at $4,219,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NRG shares. BMO Capital Markets increased their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Raymond James Financial assumed coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 price target for the company. Barclays upped their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Melius Research assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $186.92.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Stock Up 4.5%

Shares of NYSE NRG opened at $165.06 on Monday. The firm has a market cap of $31.93 billion, a PE ratio of 74.69, a P/E/G ratio of 1.34 and a beta of 1.17. NRG Energy, Inc. has a 12-month low of $77.49 and a 12-month high of $175.96. The company’s fifty day simple moving average is $153.23 and its 200 day simple moving average is $134.01. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.37 earnings per share. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy’s dividend payout ratio is currently 79.64%.

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.