CoreCap Advisors LLC Cuts Stock Position in NRG Energy, Inc. (NYSE:NRG)

CoreCap Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 473 shares of the utilities provider's stock after selling 8,010 shares during the quarter. CoreCap Advisors LLC's holdings in NRG Energy were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Schechter Investment Advisors LLC grew its stake in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares in the last quarter. Mather Group LLC. boosted its holdings in NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 125 shares during the period. Grove Bank & Trust grew its stake in NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after purchasing an additional 133 shares during the period. Finally, Impact Partnership Wealth LLC raised its position in NRG Energy by 3.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock valued at $406,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Trading Down 2.3%

NYSE NRG opened at $153.09 on Thursday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $31.18 billion, a PE ratio of 38.46, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $158.66. The firm's fifty day moving average is $103.10 and its two-hundred day moving average is $100.03.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. Analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.15%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.75.

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.

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