West Oak Capital LLC Reduces Position in NRG Energy, Inc. (NYSE:NRG)

West Oak Capital LLC lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 700 shares of the utilities provider’s stock after selling 300 shares during the period. West Oak Capital LLC’s holdings in NRG Energy were worth $47,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of NRG Energy in the 1st quarter valued at approximately $33,000. CENTRAL TRUST Co grew its stake in shares of NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after buying an additional 734 shares during the period. Blue Trust Inc. boosted its position in shares of NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of NRG Energy during the 4th quarter worth approximately $51,000. Finally, Quadrant Capital Group LLC boosted its position in shares of NRG Energy by 37.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,524 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 0.1 %

NRG Energy stock traded up $0.04 during mid-day trading on Tuesday, reaching $77.89. 1,855,414 shares of the company’s stock were exchanged, compared to its average volume of 3,709,608. NRG Energy, Inc. has a twelve month low of $35.97 and a twelve month high of $87.58. The company has a fifty day moving average of $79.53 and a 200-day moving average of $65.85. The company has a market cap of $16.24 billion, a P/E ratio of 11.03 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The firm had revenue of $7.43 billion during the quarter. Sell-side analysts expect that NRG Energy, Inc. will post 4.5 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.4075 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.09%. NRG Energy’s payout ratio is 23.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NRG shares. Evercore ISI increased their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. BMO Capital Markets increased their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Morgan Stanley increased their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of “Hold” and an average target price of $68.00.

Insider Activity

In other news, insider Rasesh M. Patel sold 24,546 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the sale, the insider now directly owns 266,064 shares in the company, valued at approximately $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% 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.