NRG Energy, Inc. $NRG Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,043 shares of the utilities provider’s stock after selling 225 shares during the period. IFM Investors Pty Ltd’s holdings in NRG Energy were worth $2,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock valued at $454,173,000 after purchasing an additional 6,049,247 shares during the period. Amundi lifted its position in NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after purchasing an additional 3,876,235 shares during the period. Boston Partners lifted its position in NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after purchasing an additional 1,771,829 shares during the period. Appaloosa LP lifted its position in NRG Energy by 12.9% during the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after purchasing an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position 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 valued at $141,388,000 after purchasing an additional 372,618 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Melius Research assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price for the company. BMO Capital Markets boosted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 price objective for the company. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays lifted their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.92.

NRG Energy Stock Up 4.5%

NRG stock opened at $165.06 on Friday. The stock has a market capitalization of $31.93 billion, a P/E ratio of 74.69, a P/E/G ratio of 1.29 and a beta of 1.17. The firm has a 50-day simple moving average of $153.23 and a 200-day simple moving average of $133.67. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $77.49 and a 52 week high of $175.96.

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

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy’s dividend payout ratio is currently 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.