NRG Energy, Inc. $NRG Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,938 shares of the utilities provider’s stock after selling 3,816 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in NRG Energy were worth $6,253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NRG. Brighton Jones LLC raised its stake in NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after buying an additional 1,528 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of NRG Energy by 65.1% during the first quarter. OneDigital Investment Advisors LLC now owns 3,723 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 1,468 shares during the last quarter. World Investment Advisors grew its holdings in shares of NRG Energy by 18.9% during the first quarter. World Investment Advisors now owns 3,638 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 578 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of NRG Energy by 8.6% during the first quarter. Concurrent Investment Advisors LLC now owns 6,089 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 480 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of NRG Energy by 1,481.1% during the first quarter. Penserra Capital Management LLC now owns 8,127 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 7,613 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $173.50 on Thursday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a 50 day moving average price of $163.40 and a 200 day moving average price of $153.17. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $180.54. The stock has a market capitalization of $33.56 billion, a PE ratio of 78.51 and a beta of 1.14.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the firm posted $3.37 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current 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 given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy’s payout ratio is 79.64%.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company raised NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley decreased their target price on NRG Energy from $145.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $197.54.

Insider Activity

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

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.