Johnson Financial Group Inc. Has $1.11 Million Position in NRG Energy, Inc. (NYSE:NRG)

Johnson Financial Group Inc. cut its stake in NRG Energy, Inc. (NYSE:NRG) by 11.7% during the fourth quarter, HoldingsChannel reports. The fund owned 21,540 shares of the utilities provider’s stock after selling 2,853 shares during the quarter. Johnson Financial Group Inc.’s holdings in NRG Energy were worth $1,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of NRG Energy by 1.5% during the 3rd 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 during the last quarter. Nisa Investment Advisors LLC lifted its stake in NRG Energy by 74.6% in the third quarter. Nisa Investment Advisors LLC now owns 33,341 shares of the utilities provider’s stock valued at $1,284,000 after acquiring an additional 14,246 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in NRG Energy by 7.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,145 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 473 shares in the last quarter. Signaturefd LLC increased its stake in shares of NRG Energy by 59.6% during the 3rd quarter. Signaturefd LLC now owns 3,903 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 1,458 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of NRG Energy during the 3rd quarter worth $242,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. Also, insider Rasesh M. Patel sold 24,546 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the transaction, the insider now directly owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Wells Fargo & Company upped their price target on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Evercore ISI raised their price objective on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research note on Monday, March 18th. BMO Capital Markets boosted their target price on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Finally, StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, NRG Energy presently has an average rating of “Hold” and an average target price of $65.50.

NRG Energy Stock Performance

NYSE NRG traded up $4.91 during trading on Friday, hitting $86.00. The company’s stock had a trading volume of 3,639,863 shares, compared to its average volume of 3,761,115. NRG Energy, Inc. has a 52 week low of $31.68 and a 52 week high of $86.46. The firm has a market cap of $17.93 billion, a P/E ratio of 12.18 and a beta of 1.11. The firm has a 50 day moving average price of $74.09 and a 200 day moving average price of $59.48. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61.

NRG Energy (NYSE:NRG) last announced its 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 net margin of 5.76% and a return on equity of 42.60%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. Equities research analysts forecast that NRG Energy, Inc. will post 5.46 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s payout ratio is presently 23.09%.

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.