NRG Energy, Inc. (NYSE:NRG) Position Reduced by Maven Securities LTD

Maven Securities LTD decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 75.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,033 shares of the utilities provider’s stock after selling 18,967 shares during the period. Maven Securities LTD’s holdings in NRG Energy were worth $544,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Schechter Investment Advisors LLC increased its holdings in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after buying an additional 120 shares in the last quarter. Mather Group LLC. increased its holdings in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after buying an additional 125 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after buying an additional 129 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of NRG Energy by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock valued at $112,000 after buying an additional 133 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of NRG Energy by 3.1% in the fourth quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider’s stock valued at $406,000 after buying an additional 137 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NRG. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Guggenheim lifted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 price objective on the stock. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $134.25.

NRG Energy Trading Up 4.1%

NRG Energy stock opened at $156.73 on Wednesday. The company’s fifty day simple moving average is $101.80 and its 200-day simple moving average is $99.67. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $158.66. The stock has a market cap of $31.92 billion, a P/E ratio of 39.38, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The business had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $8.28 billion. During the same period in the previous year, the company posted $2.31 EPS. NRG Energy’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, May 1st. NRG Energy’s dividend payout ratio is presently 35.92%.

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.