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

Brighton Jones LLC lessened its position in shares of NRG Energy, Inc. (NYSE:NRG) by 30.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,659 shares of the utilities provider’s stock after selling 1,590 shares during the quarter. Brighton Jones LLC’s holdings in NRG Energy were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Rothschild Investment LLC acquired a new stake in NRG Energy in the 2nd quarter valued at $32,000. First Horizon Advisors Inc. lifted its holdings in NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of NRG Energy in the first quarter valued at about $36,000. Innealta Capital LLC purchased a new stake in shares of NRG Energy during the second quarter worth about $36,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NRG Energy during the third quarter worth about $36,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated 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 sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

Shares of NRG stock opened at $87.53 on Friday. The firm’s 50-day moving average is $85.63 and its two-hundred day moving average is $80.48. NRG Energy, Inc. has a 12 month low of $41.49 and a 12 month high of $96.40. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The company has a market capitalization of $18.25 billion, a PE ratio of 12.40 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. Analysts predict that NRG Energy, Inc. will post 5.51 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.86%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Analyst Upgrades and Downgrades

NRG has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective on the stock. Guggenheim upped 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, BMO Capital Markets boosted their price target on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and an average target price of $83.25.

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.