Arvest Bank Trust Division Has $12.15 Million Stock Position in NRG Energy, Inc. $NRG

Arvest Bank Trust Division lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 27.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,652 shares of the utilities provider’s stock after selling 28,112 shares during the quarter. Arvest Bank Trust Division’s holdings in NRG Energy were worth $12,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NRG. Brighton Jones LLC raised its position in shares of 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 buying an additional 1,528 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in NRG Energy by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 129 shares during the last quarter. Allworth Financial LP raised its position in NRG Energy by 19.2% during the first quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 122 shares in the last quarter. Cerity Partners LLC lifted its stake in NRG Energy by 8.9% during the first quarter. Cerity Partners LLC now owns 30,127 shares of the utilities provider’s stock worth $2,876,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of NRG Energy by 34.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 83,826 shares of the utilities provider’s stock valued at $8,002,000 after purchasing an additional 21,351 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Down 1.6%

Shares of NYSE NRG opened at $166.16 on Friday. The company has a 50 day simple moving average of $165.91 and a 200 day simple moving average of $155.55. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $180.54. The firm has a market cap of $31.84 billion, a PE ratio of 75.19 and a beta of 1.16.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 EPS. On average, research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy announced that its board has authorized a share repurchase plan on Thursday, November 6th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the utilities provider to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

NRG Energy Announces Dividend

The business 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 $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, November 3rd. NRG Energy’s payout ratio is 26.31%.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This trade 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 is available through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NRG. Jefferies Financial Group restated a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. Barclays boosted their target price on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wells Fargo & Company upgraded shares of NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Citigroup upped their price objective 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 Research 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. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $198.31.

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.