Northwestern Mutual Wealth Management Co. Has $102,000 Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 87.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,306 shares of the utilities provider’s stock after selling 9,445 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in NRG Energy were worth $102,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Banco Santander S.A. bought a new position in shares of NRG Energy during the 2nd quarter worth approximately $217,671,000. Capitolis Liquid Global Markets LLC lifted its stake in shares of NRG Energy by 253.2% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after buying an additional 1,266,000 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of NRG Energy during the 1st quarter worth about $64,306,000. Fred Alger Management LLC bought a new position in NRG Energy in the 2nd quarter valued at about $53,773,000. Finally, Assenagon Asset Management S.A. lifted its position in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

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 transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Guggenheim increased their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. Wells Fargo & Company lifted 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, BMO Capital Markets upped their target price on NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.25.

NRG Energy Price Performance

NRG opened at $89.75 on Friday. The firm has a 50-day moving average price of $83.65 and a 200-day moving average price of $79.16. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a twelve month low of $40.10 and a twelve month high of $96.40. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 9.78 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.82%. NRG Energy’s dividend payout ratio (DPR) is currently 17.76%.

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.