NRG Energy, Inc. (NYSE:NRG) Position Lessened by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lowered its position in NRG Energy, Inc. (NYSE:NRG) by 51.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the utilities provider’s stock after selling 3,200 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in NRG Energy were worth $273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Santander S.A. acquired a new position in NRG Energy in the second quarter worth approximately $217,671,000. Capitolis Liquid Global Markets LLC increased 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 purchasing an additional 1,266,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake 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. boosted its holdings in NRG Energy by 65.8% in 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 purchasing an additional 633,765 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in NRG Energy during the first quarter worth $64,306,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NRG shares. Guggenheim boosted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group assumed coverage on shares of NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.00.

NRG Energy Trading Down 0.3 %

Shares of NRG stock opened at $96.14 on Friday. The firm has a market capitalization of $19.84 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. NRG Energy, Inc. has a 1 year low of $44.90 and a 1 year high of $102.84. The firm’s fifty day simple moving average is $87.21 and its 200 day simple moving average is $81.75. 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 posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.29 EPS for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given 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 1.70%. NRG Energy’s dividend payout ratio is currently 17.76%.

Insiders Place Their Bets

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 transaction of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

About NRG Energy

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.