Blue Trust Inc. Lowers Stock Holdings in NRG Energy, Inc. $NRG

Blue Trust Inc. trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 46.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 861 shares of the utilities provider’s stock after selling 742 shares during the period. Blue Trust Inc.’s holdings in NRG Energy were worth $138,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NRG. Monument Capital Management bought a new stake in shares of NRG Energy during the second quarter valued at approximately $3,152,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of NRG Energy during the second quarter valued at approximately $322,000. Callan Family Office LLC increased its position in shares of NRG Energy by 62.2% during the second quarter. Callan Family Office LLC now owns 12,320 shares of the utilities provider’s stock valued at $1,978,000 after acquiring an additional 4,724 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of NRG Energy during the second quarter valued at approximately $708,000. Finally, Optas LLC bought a new stake in shares of NRG Energy during the second quarter valued at approximately $211,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Melius assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Finally, Citigroup lifted their target price 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, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.85.

NRG Energy Trading Down 0.9%

Shares of NRG stock opened at $169.72 on Friday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The firm has a fifty day moving average price of $157.75 and a 200-day moving average price of $145.04. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 76.80, a PEG ratio of 1.37 and a beta of 1.14.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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). 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 the consensus estimate of $6.63 billion. During the same period in the previous year, the firm earned $3.37 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. NRG Energy’s payout ratio is presently 79.64%.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction on 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 $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by insiders.

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.