Whipplewood Advisors LLC Lowers Holdings in NRG Energy, Inc. $NRG

Whipplewood Advisors LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 87.8% during the second quarter, Holdings Channel reports. The firm owned 402 shares of the utilities provider’s stock after selling 2,881 shares during the quarter. Whipplewood Advisors LLC’s holdings in NRG Energy were worth $65,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Donald L. Hagan LLC lifted its holdings in NRG Energy by 2.0% in the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 66 shares in the last quarter. Horizon Investments LLC lifted its holdings in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 86 shares in the last quarter. Mather Group LLC. lifted its holdings in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 104 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 119 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. The trade was 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. 0.61% of the stock is currently owned by insiders.

NRG Energy Stock Performance

NYSE NRG opened at $170.12 on Monday. The company has a market cap of $32.91 billion, a P/E ratio of 76.98 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The business’s 50 day moving average price is $159.24 and its 200-day moving average price is $148.88. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.37 EPS. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend yield of 1.0%. NRG Energy’s payout ratio is currently 79.64%.

Analysts Set New Price Targets

A number of research firms have issued reports on NRG. BMO Capital Markets lifted their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Melius began coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective on the stock. Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Finally, Barclays lifted their price objective on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $197.46.

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.