NRG Energy, Inc. (NYSE:NRG) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 25.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,276 shares of the utilities provider’s stock after selling 1,118 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NRG Energy were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in NRG Energy by 885.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock valued at $16,073,000 after acquiring an additional 213,347 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of NRG Energy by 148.6% in the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after buying an additional 13,040 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after buying an additional 37,750 shares in the last quarter. Assenagon Asset Management S.A. raised its stake 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 worth $124,318,000 after buying an additional 633,765 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in shares of NRG Energy in the 2nd quarter worth $746,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Wells Fargo & Company boosted their target price on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Jefferies Financial Group started coverage on NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Guggenheim boosted their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six 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 presently has an average rating of “Hold” and an average target price of $83.25.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $88.73 on Tuesday. The business’s 50-day moving average price is $85.76 and its two-hundred day moving average price is $80.64. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The firm has a market cap of $18.31 billion, a PE ratio of 9.67 and a beta of 1.10. NRG Energy, Inc. has a 1-year low of $41.49 and a 1-year high of $96.40.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, research analysts forecast that NRG Energy, Inc. will post 6.09 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.84%. NRG Energy’s dividend payout ratio (DPR) is 17.76%.

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.