Bayforest Capital Ltd Sells 660 Shares of NRG Energy, Inc. $NRG

Bayforest Capital Ltd cut its stake in NRG Energy, Inc. (NYSE:NRG) by 37.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,122 shares of the utilities provider’s stock after selling 660 shares during the period. Bayforest Capital Ltd’s holdings in NRG Energy were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Zions Bancorporation National Association UT acquired a new stake in NRG Energy during the 1st quarter valued at approximately $28,000. Key Financial Inc acquired a new position in shares of NRG Energy in the 1st quarter valued at $30,000. Evermay Wealth Management LLC acquired a new position in shares of NRG Energy in the 1st quarter valued at $36,000. Park Square Financial Group LLC acquired a new position in shares of NRG Energy in the 4th quarter valued at $53,000. Finally, UMB Bank n.a. lifted its stake in shares of NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 200 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Price Performance

Shares of NYSE NRG opened at $165.06 on Friday. The firm has a market capitalization of $31.93 billion, a P/E ratio of 74.69, a PEG ratio of 1.29 and a beta of 1.17. NRG Energy, Inc. has a one year low of $77.49 and a one year high of $175.96. The company’s fifty day moving average is $153.23 and its two-hundred day moving average is $133.67. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

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

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is 79.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NRG shares. Melius Research started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price for the company. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays increased their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets increased their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. Finally, Citigroup increased their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

Insider Transactions at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred 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 directly owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

NRG Energy Company 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.