V Square Quantitative Management LLC Trims Position in NRG Energy, Inc. (NYSE:NRG)

V Square Quantitative Management LLC reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,662 shares of the utilities provider’s stock after selling 778 shares during the period. V Square Quantitative Management LLC’s holdings in NRG Energy were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NRG. Schonfeld Strategic Advisors LLC boosted its position in NRG Energy by 3,477.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock worth $37,618,000 after purchasing an additional 949,289 shares in the last quarter. Wellington Management Group LLP boosted its holdings in NRG Energy by 486.2% during the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock worth $34,688,000 after buying an additional 746,899 shares in the last quarter. Hsbc Holdings PLC grew its position in NRG Energy by 105.1% during the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after buying an additional 689,941 shares during the period. Rubric Capital Management LP increased its holdings in NRG Energy by 91.6% in the third quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock valued at $50,770,000 after buying an additional 629,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NRG Energy by 139.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 913,237 shares of the utilities provider’s stock worth $35,178,000 after acquiring an additional 532,320 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 0.1 %

Shares of NRG Energy stock opened at $78.55 on Tuesday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $77.86 and its 200-day simple moving average is $63.20. The stock has a market cap of $16.38 billion, a P/E ratio of 11.13 and a beta of 1.07. NRG Energy, Inc. has a 1-year low of $32.94 and a 1-year high of $87.58.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Analysts predict that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a $0.4075 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.08%. NRG Energy’s payout ratio is 23.09%.

Insider Activity

In related news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the transaction, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NRG shares. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Morgan Stanley upped their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. BMO Capital Markets lifted their target price on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Finally, Citigroup upped their price target on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and an average price target of $68.00.

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.