NRG Energy, Inc. (NYSE:NRG) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors decreased its position in NRG Energy, Inc. (NYSE:NRG) by 22.3% during the 3rd quarter, Holdings Channel reports. The fund owned 3,568 shares of the utilities provider’s stock after selling 1,025 shares during the quarter. HCR Wealth Advisors’ holdings in NRG Energy were worth $325,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Banco Santander S.A. acquired a new stake in NRG Energy in the second quarter valued at approximately $217,671,000. Capitolis Liquid Global Markets LLC raised its holdings in NRG Energy by 253.2% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after acquiring an additional 1,266,000 shares in the last quarter. Zimmer Partners LP acquired a new stake in NRG Energy during the first quarter worth approximately $64,306,000. Fred Alger Management LLC acquired a new stake in NRG Energy during the second quarter worth approximately $53,773,000. Finally, Assenagon Asset Management S.A. raised its holdings in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $89.75 on Friday. The firm’s fifty day simple moving average is $83.65 and its 200-day simple moving average is $79.25. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 9.78 and a beta of 1.10. NRG Energy, Inc. has a 12 month low of $40.10 and a 12 month high of $96.40. 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 (NYSE:NRG) last announced its earnings results 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 business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities analysts forecast that NRG Energy, Inc. will post 5.51 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.82%. NRG Energy’s dividend payout ratio is currently 17.76%.

Analyst Ratings Changes

A number of analysts have weighed in on NRG shares. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group started coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.25.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’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 transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate 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.