Maven Securities LTD Decreases Stake in NRG Energy, Inc. (NYSE:NRG)

Maven Securities LTD decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 70.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 87,531 shares of the utilities provider’s stock after selling 207,530 shares during the quarter. NRG Energy comprises about 0.1% of Maven Securities LTD’s investment portfolio, making the stock its 23rd biggest holding. Maven Securities LTD’s holdings in NRG Energy were worth $6,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in shares of NRG Energy during the 2nd quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its position 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 in the last quarter. LifeSteps Financial Inc. acquired a new stake in NRG Energy in the first quarter valued at $31,000. Innealta Capital LLC acquired a new stake in NRG Energy in the second quarter valued at $36,000. Finally, Mather Group LLC. acquired a new position in shares of NRG Energy during the 1st quarter worth $33,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 1.7 %

Shares of NRG opened at $92.65 on Wednesday. NRG Energy, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $93.17. The stock has a fifty day moving average of $80.69 and a two-hundred day moving average of $77.92. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The company has a market capitalization of $19.32 billion, a PE ratio of 13.12 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. As a group, analysts forecast that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.4075 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.76%. NRG Energy’s dividend payout ratio is presently 23.09%.

Wall Street Analysts Forecast Growth

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

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.