Cwm LLC Sells 391 Shares of NRG Energy, Inc. $NRG

Cwm LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,629 shares of the utilities provider’s stock after selling 391 shares during the quarter. Cwm LLC’s holdings in NRG Energy were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NRG. Donald L. Hagan LLC increased its position in NRG Energy by 2.0% in the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after buying an additional 66 shares in the last quarter. Horizon Investments LLC grew its position in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 86 shares during the period. Mather Group LLC. increased its stake in NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after buying an additional 104 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after buying an additional 119 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

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 owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Stock Down 1.0%

NRG stock opened at $167.01 on Tuesday. The stock has a 50-day simple moving average of $158.38 and a two-hundred day simple moving average of $146.78. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The firm has a market capitalization of $32.31 billion, a PE ratio of 75.57 and a beta of 1.14. 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 released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during 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%.During the same period in the previous year, the company posted $3.37 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.44 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is presently 79.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Barclays raised their target price on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Citigroup increased their price target on NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 target price on shares of NRG Energy in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.92.

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.