NRG Energy, Inc. (NYSE:NRG) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its position in NRG Energy, Inc. (NYSE:NRG) by 88.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,613 shares of the utilities provider’s stock after selling 637,622 shares during the quarter. Marshall Wace LLP’s holdings in NRG Energy were worth $6,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in NRG Energy during the 2nd quarter valued at about $32,000. First Horizon Advisors Inc. increased its stake in NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares during the period. LifeSteps Financial Inc. acquired a new stake in shares of NRG Energy during the first quarter worth about $31,000. Innealta Capital LLC purchased a new position in shares of NRG Energy in the second quarter valued at approximately $36,000. Finally, Mather Group LLC. acquired a new position in shares of NRG Energy in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.1 %

NRG Energy stock opened at $91.10 on Tuesday. The stock has a market cap of $18.99 billion, a PE ratio of 12.90 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The stock’s fifty day moving average is $80.37 and its two-hundred day moving average is $77.72. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $93.17.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion during 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 revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, sell-side analysts expect that NRG Energy, Inc. will post 5.51 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRG shares. BMO Capital Markets increased their target price on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Wells Fargo & Company boosted their target price on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and a consensus price target of $74.75.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

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.