Cooper Financial Group Decreases Position in NRG Energy, Inc. $NRG

Cooper Financial Group decreased its stake in NRG Energy, Inc. (NYSE:NRG) by 32.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,979 shares of the utilities provider’s stock after selling 2,374 shares during the period. Cooper Financial Group’s holdings in NRG Energy were worth $799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NRG. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after buying an additional 1,528 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of NRG Energy by 7.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,468 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 166 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of NRG Energy by 6.0% in the first quarter. Rhumbline Advisers now owns 396,279 shares of the utilities provider’s stock worth $37,829,000 after acquiring an additional 22,593 shares in the last quarter. Czech National Bank lifted its stake in shares of NRG Energy by 5.9% in the first quarter. Czech National Bank now owns 46,526 shares of the utilities provider’s stock worth $4,441,000 after acquiring an additional 2,605 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of NRG Energy by 115,340.0% in the first quarter. NBC Securities Inc. now owns 5,772 shares of the utilities provider’s stock worth $550,000 after acquiring an additional 5,767 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $162.13 on Thursday. The stock has a fifty day moving average price of $156.76 and a two-hundred day moving average price of $139.84. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm has a market cap of $31.36 billion, a P/E ratio of 73.36, a PEG ratio of 1.32 and a beta of 1.14. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the company posted $3.37 EPS. NRG Energy’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy’s dividend payout ratio is presently 79.64%.

Analyst Ratings Changes

Several research analysts recently commented on NRG shares. BMO Capital Markets boosted their price target on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Melius Research assumed coverage on NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price objective on the stock. Finally, Citigroup upped their price objective on NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. One analyst has 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.com, the company has an average rating of “Moderate Buy” and an average target price of $188.85.

Insider Buying and Selling

In other NRG Energy 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 directly owned 48,571 shares of the company’s stock, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

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.