Voya Investment Management LLC Has $8.36 Million Stock Holdings in NRG Energy, Inc. $NRG

Voya Investment Management LLC trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 99.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,572 shares of the utilities provider’s stock after selling 8,309,741 shares during the quarter. Voya Investment Management LLC’s holdings in NRG Energy were worth $8,360,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Zions Bancorporation National Association UT bought a new stake in shares of NRG Energy during the 1st quarter worth about $28,000. Key Financial Inc acquired a new stake in NRG Energy during the first quarter worth approximately $30,000. Evermay Wealth Management LLC bought a new stake in shares of NRG Energy during the first quarter worth approximately $36,000. Park Square Financial Group LLC acquired a new position in shares of NRG Energy in the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. increased its stake in shares of NRG Energy by 44.0% during the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 200 shares during the period. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NRG. Melius Research began coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. BMO Capital Markets lifted their target price on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup raised their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Melius began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

NRG Energy Price Performance

NRG stock opened at $164.50 on Thursday. The company’s 50-day moving average price is $153.92 and its two-hundred day moving average price is $134.85. The firm has a market cap of $31.82 billion, a P/E ratio of 74.43, a P/E/G ratio of 1.34 and a beta of 1.17. 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, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96.

NRG Energy (NYSE:NRG) last posted its quarterly 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 firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.37 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is presently 79.64%.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.