Donoghue Forlines LLC Sells 12,067 Shares of NRG Energy, Inc. $NRG

Donoghue Forlines LLC decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 30.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,020 shares of the utilities provider’s stock after selling 12,067 shares during the quarter. NRG Energy comprises 1.3% of Donoghue Forlines LLC’s holdings, making the stock its 7th largest holding. Donoghue Forlines LLC’s holdings in NRG Energy were worth $4,499,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NRG. Brighton Jones LLC increased its position in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in NRG Energy by 4.8% during the first quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider’s stock worth $271,000 after buying an additional 129 shares during the period. Allworth Financial LP increased its position in shares of 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 acquiring an additional 122 shares during the last quarter. Cerity Partners LLC raised its stake in shares of NRG Energy by 8.9% in the 1st quarter. Cerity Partners LLC now owns 30,127 shares of the utilities provider’s stock valued at $2,876,000 after acquiring an additional 2,450 shares during the period. Finally, Mutual of America Capital Management LLC lifted 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 worth $8,002,000 after acquiring an additional 21,351 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 1.6%

Shares of NYSE:NRG opened at $166.16 on Friday. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $180.54. The firm’s 50 day moving average price is $165.91 and its 200 day moving average price is $155.55. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of 75.19 and a beta of 1.16.

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

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s payout ratio is 26.31%.

NRG Energy announced that its board has authorized a stock repurchase program on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NRG shares. Scotiabank initiated coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective for the company. Barclays raised their price target on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wells Fargo & Company upgraded NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 target price on shares of NRG Energy in a research note on Monday, October 20th. Finally, Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NRG Energy presently has an average rating of “Buy” and a consensus target price of $198.31.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the company’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 of the company’s stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

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.