NRG Energy, Inc. (NYSE:NRG) Shares Sold by Guidance Capital Inc.

Guidance Capital Inc. cut its stake in NRG Energy, Inc. (NYSE:NRG) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,071 shares of the utilities provider’s stock after selling 1,162 shares during the period. Guidance Capital Inc.’s holdings in NRG Energy were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Banco Santander S.A. acquired a new stake in shares of NRG Energy during the second quarter worth $217,671,000. Capitolis Liquid Global Markets LLC boosted its position in shares of NRG Energy by 253.2% during 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 purchasing an additional 1,266,000 shares in the last quarter. Zimmer Partners LP bought a new position in shares of NRG Energy during the 1st quarter valued at about $64,306,000. Fred Alger Management LLC bought a new position in shares of NRG Energy during the 2nd quarter valued at about $53,773,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG traded up $2.39 during midday trading on Wednesday, reaching $87.69. 527,656 shares of the company traded hands, compared to its average volume of 3,289,047. The firm has a market cap of $18.28 billion, a PE ratio of 12.08 and a beta of 1.10. The stock’s 50-day simple moving average is $85.30 and its 200-day simple moving average is $80.22. NRG Energy, Inc. has a 12 month low of $41.02 and a 12 month high of $96.40. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. During the same period in the previous year, the firm earned $1.10 EPS. NRG Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that NRG Energy, Inc. will post 5.51 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced 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 1.86%. The ex-dividend date is Friday, November 1st. NRG Energy’s payout ratio is 23.09%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price 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. Jefferies Financial Group assumed coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. BMO Capital Markets raised 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, September 30th. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.25.

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.