NatWest Group plc Has $5.60 Million Position in NRG Energy, Inc. $NRG

NatWest Group plc trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 28.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,557 shares of the utilities provider’s stock after selling 13,593 shares during the quarter. NatWest Group plc’s holdings in NRG Energy were worth $5,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in NRG Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 5,411,045 shares of the utilities provider’s stock valued at $865,437,000 after buying an additional 39,253 shares during the period. Amundi increased its stake in shares of NRG Energy by 772.5% in the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after acquiring an additional 3,876,235 shares in the last quarter. Appaloosa LP lifted its position in shares of NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after acquiring an additional 235,000 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in NRG Energy by 33.6% during the first 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 acquiring an additional 372,618 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in NRG Energy by 113.3% during the second quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock worth $231,921,000 after acquiring an additional 767,014 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NRG. Zacks Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. BMO Capital Markets boosted their target price on NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price target on shares of NRG Energy in a research note on Monday, October 20th. Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Finally, Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.21.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $149.63 on Thursday. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05. The company has a market capitalization of $28.68 billion, a P/E ratio of 22.37 and a beta of 1.26. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $180.54. The company’s 50-day moving average is $166.74 and its 200 day moving average is $159.82.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. NRG Energy’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio is presently 26.31%.

NRG Energy declared that its board has authorized a stock repurchase program on Thursday, November 6th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total value of $3,276,400.00. Following the sale, the vice president directly owned 43,191 shares in the company, valued at approximately $7,075,549.62. The trade was a 31.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.