NRG Energy, Inc. (NYSE:NRG) Shares Sold by Brighton Jones LLC

Brighton Jones LLC cut its stake in NRG Energy, Inc. (NYSE:NRG) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 5,615 shares of the utilities provider’s stock after selling 379 shares during the period. Brighton Jones LLC’s holdings in NRG Energy were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in NRG Energy by 1.5% in the third quarter. Teacher Retirement System of Texas now owns 17,828 shares of the utilities provider’s stock valued at $687,000 after buying an additional 270 shares in the last quarter. Signaturefd LLC raised its position in shares of NRG Energy by 6.9% in the fourth quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 271 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of NRG Energy by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,371 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 290 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NRG Energy by 9.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,400 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 2.0 %

Shares of NRG stock opened at $76.65 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The firm’s 50-day moving average is $66.93 and its two-hundred day moving average is $55.10. NRG Energy, Inc. has a 12 month low of $30.52 and a 12 month high of $77.68.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. Equities research analysts anticipate that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.13%. NRG Energy’s dividend payout ratio is currently -152.34%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. BMO Capital Markets upped their target price on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Evercore ISI upped their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Finally, Citigroup raised their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.50.

NRG Energy 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.