Aviva PLC Sells 2,556 Shares of NRG Energy, Inc. (NYSE:NRG)

Aviva PLC lowered its holdings in NRG Energy, Inc. (NYSE:NRG) by 3.1% during the second quarter, HoldingsChannel.com reports. The fund owned 78,707 shares of the utilities provider’s stock after selling 2,556 shares during the period. Aviva PLC’s holdings in NRG Energy were worth $3,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NRG. Zions Bancorporation N.A. increased its stake in NRG Energy by 219.4% in the first quarter. Zions Bancorporation N.A. now owns 741 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 509 shares during the period. McIlrath & Eck LLC bought a new stake in NRG Energy during the first quarter worth about $31,000. MBM Wealth Consultants LLC grew its stake in NRG Energy by 84.4% during the first quarter. MBM Wealth Consultants LLC now owns 852 shares of the utilities provider’s stock worth $32,000 after buying an additional 390 shares during the last quarter. Capital Analysts LLC bought a new stake in NRG Energy during the second quarter worth about $33,000. Finally, Deseret Mutual Benefit Administrators bought a new stake in NRG Energy during the second quarter worth about $38,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP David Callen sold 13,300 shares of the stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $40.08, for a total value of $533,064.00. Following the transaction, the senior vice president now directly owns 40,489 shares in the company, valued at $1,622,799.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.83% of the company’s stock.

Several brokerages have weighed in on NRG. Morgan Stanley upped their price objective on shares of NRG Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Seaport Global Securities upped their price objective on shares of NRG Energy from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, June 21st. The Goldman Sachs Group raised shares of NRG Energy from a “buy” rating to a “conviction-buy” rating in a research note on Sunday, June 27th. Finally, TheStreet raised shares of NRG Energy from a “c+” rating to a “b” rating in a research note on Thursday, August 5th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $48.33.

NRG opened at $42.08 on Friday. NRG Energy, Inc. has a one year low of $28.22 and a one year high of $46.10. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.24 and a quick ratio of 1.19. The company’s 50 day simple moving average is $42.88 and its 200-day simple moving average is $39.18. The stock has a market capitalization of $10.30 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.20 and a beta of 0.86.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 5th. The utilities provider reported $4.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.69 by $1.71. NRG Energy had a net margin of 5.90% and a return on equity of 32.21%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted $1.27 earnings per share. NRG Energy’s revenue was up 134.3% compared to the same quarter last year. As a group, analysts anticipate that NRG Energy, Inc. will post 5.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Monday, August 2nd were issued a $0.325 dividend. The ex-dividend date of this dividend was Friday, July 30th. This represents a $1.30 annualized dividend and a yield of 3.09%. NRG Energy’s dividend payout ratio is currently 54.17%.

NRG Energy Profile

NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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