Jaffetilchin Investment Partners LLC Lowers Stock Position in NRG Energy, Inc. (NYSE:NRG)

Jaffetilchin Investment Partners LLC reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 67.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,358 shares of the utilities provider’s stock after selling 11,202 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in NRG Energy were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NRG. Capitolis Liquid Global Markets LLC grew its position in NRG Energy by 253.2% in the 1st 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. Assenagon Asset Management S.A. increased its stake in NRG Energy by 81.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 962,919 shares of the utilities provider’s stock worth $65,180,000 after buying an additional 432,080 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in NRG Energy during the 1st quarter worth approximately $26,448,000. Wedge Capital Management L L P NC purchased a new position in NRG Energy in the 4th quarter valued at approximately $12,131,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of NRG Energy by 885.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after acquiring an additional 213,347 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

NRG Energy Stock Performance

NYSE NRG traded down $1.67 on Thursday, hitting $73.50. 2,333,503 shares of the company’s stock were exchanged, compared to its average volume of 3,539,046. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. The firm’s 50-day moving average price is $78.72 and its two-hundred day moving average price is $69.48. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 10.65 and a beta of 1.07. NRG Energy, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $87.58.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The business had revenue of $7.43 billion during the quarter. On average, research analysts expect that NRG Energy, Inc. will post 4.47 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 2.22%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

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.