Cavalier Investments LLC Trims Stock Position in NRG Energy, Inc. $NRG

Cavalier Investments LLC trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,507 shares of the utilities provider’s stock after selling 391 shares during the period. NRG Energy accounts for approximately 0.9% of Cavalier Investments LLC’s portfolio, making the stock its 26th largest position. Cavalier Investments LLC’s holdings in NRG Energy were worth $3,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Donald L. Hagan LLC grew its position in NRG Energy by 2.0% in the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after buying an additional 66 shares during the last quarter. Horizon Investments LLC raised its stake in shares of NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after buying an additional 86 shares in the last quarter. Mather Group LLC. raised its stake in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after buying an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of NRG Energy by 13.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after buying an additional 104 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after buying an additional 119 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Stock Down 2.1%

Shares of NRG opened at $163.54 on Wednesday. The firm has a market cap of $31.63 billion, a PE ratio of 74.00 and a beta of 1.14. The company’s fifty day moving average is $158.51 and its two-hundred day moving average is $146.89. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. 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 (NYSE:NRG) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.37 EPS. Analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 79.64%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NRG shares. Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price for the company. Scotiabank initiated coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target on the stock. Barclays increased their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research report on Monday. Finally, Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average target price of $193.92.

NRG Energy Company 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.