Fairvoy Private Wealth LLC Sells 4,395 Shares of NRG Energy, Inc. $NRG

Fairvoy Private Wealth LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 25.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,001 shares of the utilities provider’s stock after selling 4,395 shares during the period. Fairvoy Private Wealth LLC’s holdings in NRG Energy were worth $2,106,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signal Advisors Wealth LLC increased its stake in NRG Energy by 22.4% during the third quarter. Signal Advisors Wealth LLC now owns 1,894 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 347 shares during the last quarter. LVM Capital Management Ltd. MI bought a new stake in shares of NRG Energy in the 3rd quarter valued at approximately $529,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of NRG Energy by 563.0% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,413 shares of the utilities provider’s stock worth $3,144,000 after purchasing an additional 16,485 shares during the period. Wedmont Private Capital increased its position in shares of NRG Energy by 4.5% during the 3rd quarter. Wedmont Private Capital now owns 2,550 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 109 shares during the last quarter. Finally, Czech National Bank raised its holdings in NRG Energy by 2.8% during the 3rd quarter. Czech National Bank now owns 49,128 shares of the utilities provider’s stock valued at $7,956,000 after buying an additional 1,339 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the transaction, the vice president owned 43,191 shares in the company, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $156.12 on Friday. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.05 and a quick ratio of 0.99. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of 23.34 and a beta of 1.26. The firm has a 50-day moving average of $166.38 and a two-hundred day moving average of $159.77. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $180.54.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. The business had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. On average, research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy declared that its board has approved a share repurchase plan on Thursday, November 6th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the utilities provider to buy 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 company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, November 3rd. NRG Energy’s dividend payout ratio is currently 26.31%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research note on Monday. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Zacks Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Finally, UBS Group began coverage on NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.21.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.