NRG Energy, Inc. (NYSE:NRG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its position in NRG Energy, Inc. (NYSE:NRG) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,333 shares of the utilities provider’s stock after selling 1,373 shares during the period. First Hawaiian Bank’s holdings in NRG Energy were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co grew its stake in NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. grew its stake in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of NRG Energy during the 4th quarter worth about $51,000. Quadrant Capital Group LLC lifted its holdings in NRG Energy by 37.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,524 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 412 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of NRG Energy during the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 24,546 shares of the firm’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 of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research note on Monday, March 18th. StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets lifted their target price on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Morgan Stanley increased their price target on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, NRG Energy currently has an average rating of “Hold” and an average price target of $68.00.

NRG Energy Trading Down 0.9 %

Shares of NYSE NRG opened at $80.02 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a one year low of $34.40 and a one year high of $87.58. The business has a 50-day moving average price of $78.48 and a two-hundred day moving average price of $64.20. The firm has a market capitalization of $16.68 billion, a PE ratio of 11.33 and a beta of 1.07.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). The company had revenue of $7.43 billion during the quarter. NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. As a group, analysts predict that NRG Energy, Inc. will post 4.5 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

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.