Hexagon Capital Partners LLC Has $364,000 Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Hexagon Capital Partners LLC lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 17.4% during the first quarter, HoldingsChannel reports. The firm owned 5,382 shares of the utilities provider’s stock after selling 1,136 shares during the period. Hexagon Capital Partners LLC’s holdings in NRG Energy were worth $364,000 at the end of the most recent quarter.

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

NRG Energy Stock Performance

Shares of NYSE NRG opened at $77.85 on Tuesday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 11.03 and a beta of 1.08. The business’s 50-day simple moving average is $79.40 and its 200-day simple moving average is $65.65. NRG Energy, Inc. has a 52 week low of $35.97 and a 52 week high of $87.58.

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

NRG Energy Dividend Announcement

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

Insider Activity

In related news, insider Rasesh M. Patel sold 24,546 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares in the company, valued at approximately $22,192,398.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.