Crossmark Global Holdings Inc. Decreases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Crossmark Global Holdings Inc. lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,647 shares of the utilities provider’s stock after selling 1,396 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in NRG Energy were worth $674,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Banco Santander S.A. acquired a new position in shares of NRG Energy during the 2nd quarter worth about $217,671,000. Capitolis Liquid Global Markets LLC increased its stake in 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 buying an additional 1,266,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of NRG Energy by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock valued at $109,007,000 after acquiring an additional 160,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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 valued at $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of NRG Energy in the first quarter worth approximately $64,306,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG Energy stock opened at $85.01 on Monday. The firm has a 50 day simple moving average of $78.19 and a 200-day simple moving average of $73.76. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 12.04 and a beta of 1.08. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $87.58.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. On average, analysts expect that NRG Energy, Inc. will post 4.45 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a yield of 1.92%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets raised their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley upped their price target on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.14.

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.