Leavell Investment Management Inc. Sells 300 Shares of NRG Energy, Inc. (NYSE:NRG)

Leavell Investment Management Inc. decreased its position in NRG Energy, Inc. (NYSE:NRG) by 8.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,355 shares of the utilities provider’s stock after selling 300 shares during the period. Leavell Investment Management Inc.’s holdings in NRG Energy were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NRG. Rothschild Investment LLC purchased a new stake in shares of NRG Energy in the 2nd quarter worth $32,000. First Horizon Advisors Inc. lifted its stake in NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares during the period. Harbor Capital Advisors Inc. bought a new position in NRG Energy during the 3rd quarter worth about $35,000. Crewe Advisors LLC purchased a new position in NRG Energy during the 1st quarter valued at about $36,000. Finally, Innealta Capital LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at about $36,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG stock opened at $96.14 on Monday. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $102.84. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.42 and a beta of 1.10. The stock’s 50-day simple moving average is $87.21 and its 200-day simple moving average is $81.82.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the prior year, the business posted $1.10 EPS. NRG Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that NRG Energy, Inc. will post 6.29 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio is presently 40.95%.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NRG. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Wells Fargo & Company raised their price objective on NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets raised their price target on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.00.

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.