NRG Energy, Inc. (NYSE:NRG) Stake Lowered by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRGFree Report) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236,960 shares of the utilities provider’s stock after selling 19,306 shares during the period. NRG Energy comprises about 3.0% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 3rd biggest position. Eaton Financial Holdings Company LLC owned about 0.10% of NRG Energy worth $12,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NRG. Charles Schwab Investment Management Inc. boosted its stake in NRG Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider’s stock worth $220,696,000 after buying an additional 156,974 shares during the last quarter. Northern Trust Corp raised its stake in NRG Energy by 8.9% during the third quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider’s stock worth $92,502,000 after purchasing an additional 197,122 shares during the period. Hsbc Holdings PLC grew its stake in shares of NRG Energy by 105.1% in the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after buying an additional 689,941 shares in the last quarter. Rubric Capital Management LP lifted its position in NRG Energy by 91.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock worth $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Maven Securities LTD boosted its holdings in NRG Energy by 72.5% in the 3rd quarter. Maven Securities LTD now owns 1,037,284 shares of the utilities provider’s stock worth $39,956,000 after acquiring an additional 436,046 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction on 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 sale, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Evercore ISI increased their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Citigroup lifted their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets upped their price target on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.50.

Get Our Latest Stock Analysis on NRG

NRG Energy Price Performance

Shares of NYSE NRG traded up $4.91 during mid-day trading on Monday, reaching $86.00. 3,639,800 shares of the company traded hands, compared to its average volume of 3,673,161. NRG Energy, Inc. has a fifty-two week low of $31.68 and a fifty-two week high of $86.46. The firm has a market cap of $17.93 billion, a PE ratio of 12.18 and a beta of 1.11. The stock has a fifty day simple moving average of $74.09 and a 200-day simple moving average of $59.58. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95.

NRG Energy (NYSE:NRGGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Equities research analysts anticipate that NRG Energy, Inc. will post 5.46 EPS for the current fiscal year.

NRG Energy Dividend Announcement

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

NRG Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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