NRG Energy, Inc. (NYSE:NRG) Shares Sold by Rocky Mountain Advisers LLC

Rocky Mountain Advisers LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,850 shares of the utilities provider’s stock after selling 1,670 shares during the quarter. NRG Energy accounts for about 0.3% of Rocky Mountain Advisers LLC’s holdings, making the stock its 24th biggest holding. Rocky Mountain Advisers LLC’s holdings in NRG Energy were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. purchased a new stake in NRG Energy during the second quarter worth approximately $217,671,000. Capitolis Liquid Global Markets LLC boosted its holdings in shares of NRG Energy by 253.2% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after buying an additional 1,266,000 shares in the last quarter. Russell Investments Group Ltd. grew its position 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 buying an additional 160,415 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in NRG Energy by 65.8% during 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 acquiring an additional 633,765 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in NRG Energy in the first quarter valued at $64,306,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NRG. BMO Capital Markets lifted their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Guggenheim raised their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group started coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $96.00.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Down 0.3 %

Shares of NYSE:NRG opened at $96.14 on Friday. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $102.84. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The firm’s 50-day simple moving average is $87.21 and its 200-day simple moving average is $81.75. The company has a market cap of $19.84 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.36 and a beta of 1.10.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The company 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.29 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm 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. This represents a $1.63 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, November 1st. NRG Energy’s payout ratio is 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.