NRG Energy, Inc. (NYSE:NRG) Shares Sold by Maven Securities LTD

Maven Securities LTD cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 70.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,531 shares of the utilities provider’s stock after selling 207,530 shares during the quarter. NRG Energy accounts for 0.1% of Maven Securities LTD’s investment portfolio, making the stock its 23rd largest position. Maven Securities LTD’s holdings in NRG Energy were worth $6,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Banco Santander S.A. acquired a new position in shares of NRG Energy during the second quarter worth about $217,671,000. Capitolis Liquid Global Markets LLC increased its position in shares of NRG Energy by 253.2% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after purchasing an additional 1,266,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of NRG Energy by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock valued at $109,007,000 after purchasing an additional 160,415 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of NRG Energy during the 1st quarter worth $64,306,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’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 value of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Price Performance

Shares of NYSE NRG opened at $92.65 on Wednesday. The stock has a market cap of $19.32 billion, a P/E ratio of 13.12 and a beta of 1.10. NRG Energy, Inc. has a twelve month low of $36.61 and a twelve month high of $93.17. The stock has a 50 day moving average of $80.69 and a two-hundred day moving average of $77.92. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. NRG Energy’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that NRG Energy, Inc. will post 5.51 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of analyst reports. Wells Fargo & Company raised their price target on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, BMO Capital Markets raised their price objective on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of “Hold” and a consensus target price of $74.75.

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.