NRG Energy, Inc. (NYSE:NRG) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,193 shares of the utilities provider’s stock after selling 5,429 shares during the quarter. Hancock Whitney Corp’s holdings in NRG Energy were worth $1,339,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of NRG Energy in the 2nd quarter worth $32,000. First Horizon Advisors Inc. boosted its position in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the period. LifeSteps Financial Inc. purchased a new position in NRG Energy in the 1st quarter worth about $31,000. Innealta Capital LLC acquired a new stake in NRG Energy during the 2nd quarter worth about $36,000. Finally, Mather Group LLC. purchased a new stake in NRG Energy during the first quarter valued at about $33,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $87.09 on Monday. NRG Energy, Inc. has a one year low of $36.61 and a one year high of $87.58. The business’s 50-day moving average price is $78.60 and its two-hundred day moving average price is $76.53. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The company has a market capitalization of $18.16 billion, a P/E ratio of 12.34 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. Analysts anticipate that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a yield of 1.87%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NRG. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Morgan Stanley lifted 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. Wells Fargo & Company increased their target price on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.75.

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.