NRG Energy, Inc. $NRG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,972 shares of the utilities provider’s stock after selling 19,225 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NRG Energy were worth $8,913,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after buying an additional 31,238 shares in the last quarter. Holocene Advisors LP lifted its position in shares of NRG Energy by 113.3% during the 2nd quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock valued at $231,921,000 after buying an additional 767,014 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of NRG Energy by 42.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock valued at $221,671,000 after buying an additional 409,776 shares in the last quarter. Schroder Investment Management Group grew its stake in NRG Energy by 7.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after acquiring an additional 86,528 shares during the period. Finally, UBS Group AG increased its holdings in NRG Energy by 47.8% in the 3rd quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock worth $155,307,000 after acquiring an additional 309,989 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $150.15 on Thursday. The company’s 50-day moving average price is $158.70 and its 200-day moving average price is $161.76. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. The company has a market cap of $32.22 billion, a P/E ratio of 38.11 and a beta of 1.35. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). The business had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. On average, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. NRG Energy’s dividend payout ratio (DPR) is currently 48.22%.

Insider Buying and Selling

In other NRG Energy news, VP Brian Curci sold 46,976 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.84, for a total transaction of $7,461,667.84. Following the transaction, the vice president owned 46,113 shares of the company’s stock, valued at approximately $7,324,588.92. The trade was a 50.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Virginia Kinney sold 5,000 shares of the firm’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 completion of the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,556 shares of company stock worth $28,333,696 in the last three months. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NRG. Weiss Ratings cut shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Barclays reduced their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas Exane assumed coverage on NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective on the stock. Jefferies Financial Group reduced their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, UBS Group initiated coverage on NRG Energy in a research note on Tuesday, December 9th. They issued a “buy” rating and a $211.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.21.

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.