GWN Securities Inc. Decreases Holdings in NRG Energy, Inc. $NRG

GWN Securities Inc. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 76.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,244 shares of the utilities provider’s stock after selling 4,048 shares during the period. GWN Securities Inc.’s holdings in NRG Energy were worth $200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock valued at $454,173,000 after acquiring an additional 6,049,247 shares during the last quarter. Amundi increased its stake in NRG Energy by 772.5% in the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after purchasing an additional 3,876,235 shares during the period. Boston Partners increased its stake in NRG Energy by 169.5% in the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock worth $269,230,000 after purchasing an additional 1,771,829 shares during the period. Appaloosa LP increased its stake in NRG Energy by 12.9% in the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock worth $195,693,000 after purchasing an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in NRG Energy by 33.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock worth $141,388,000 after purchasing an additional 372,618 shares during the period. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NRG shares. Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius Research started coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Morgan Stanley decreased their price target on NRG Energy from $145.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays lifted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $197.54.

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares of the company’s stock, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG opened at $172.98 on Friday. 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, Inc. has a 52-week low of $79.57 and a 52-week high of $180.54. The stock has a market capitalization of $33.46 billion, a PE ratio of 78.27 and a beta of 1.14. The stock’s 50 day moving average price is $161.32 and its 200-day moving average price is $150.71.

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

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio is 79.64%.

About NRG Energy

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.