LSV Asset Management Trims Stock Position in NRG Energy, Inc. (NYSE:NRG)

LSV Asset Management lowered its stake in shares of NRG Energy, Inc. (NYSE:NRGFree Report) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,481,822 shares of the utilities provider’s stock after selling 318,800 shares during the period. LSV Asset Management’s holdings in NRG Energy were worth $303,375,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LifeSteps Financial Inc. purchased a new position in shares of NRG Energy during the 1st quarter valued at about $31,000. Mather Group LLC. acquired a new stake in shares of NRG Energy during the 1st quarter valued at about $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of NRG Energy during the 1st quarter valued at about $45,000. CENTRAL TRUST Co grew its position in shares of NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 734 shares during the period. Finally, Blue Trust Inc. grew its position in shares of NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NRG. Wells Fargo & Company raised their target price on NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Evercore ISI raised their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Morgan Stanley lifted their price objective on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Finally, BMO Capital Markets lifted their price objective on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Hold” and an average target price of $68.00.

Get Our Latest Stock Report on NRG Energy

NRG Energy Price Performance

NRG traded up $0.30 during trading on Friday, reaching $79.93. The company’s stock had a trading volume of 1,868,204 shares, compared to its average volume of 3,617,238. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The firm has a fifty day simple moving average of $80.30 and a two-hundred day simple moving average of $67.05. NRG Energy, Inc. has a 1 year low of $35.97 and a 1 year high of $87.58. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 11.37 and a beta of 1.07.

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

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

About NRG Energy

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRGFree Report).

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.