Oppenheimer Asset Management Inc. Has $3.11 Million Holdings in NRG Energy, Inc. $NRG

Oppenheimer Asset Management Inc. cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,514 shares of the utilities provider’s stock after selling 5,382 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NRG Energy were worth $3,107,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. New Wave Wealth Advisors LLC increased its position in shares of NRG Energy by 3.0% during the third quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock valued at $360,000 after purchasing an additional 65 shares during the period. Catalyst Financial Partners LLC increased its position in shares of NRG Energy by 5.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 67 shares during the period. Independence Bank of Kentucky increased its position in shares of NRG Energy by 4.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 70 shares during the period. Golden State Equity Partners increased its position in shares of NRG Energy by 4.7% during the third quarter. Golden State Equity Partners now owns 1,589 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 72 shares during the period. Finally, Childress Capital Advisors LLC increased its position in shares of NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 72 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG Energy stock opened at $153.24 on Monday. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. The firm has a market cap of $32.88 billion, a P/E ratio of 38.89 and a beta of 1.32. The business’s fifty day moving average is $159.13 and its two-hundred day moving average is $160.74. NRG Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.NRG Energy’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. NRG Energy’s payout ratio is currently 48.22%.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NRG. Weiss Ratings cut NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Raymond James Financial set a $210.00 price objective on NRG Energy in a research report on Monday, April 27th. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 price objective on the stock. Barclays lowered their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, BNP Paribas Exane began coverage on NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.57.

About NRG Energy

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.