Cresset Asset Management LLC Reduces Holdings in NRG Energy, Inc. (NYSE:NRG)

Cresset Asset Management LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 80.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,987 shares of the utilities provider's stock after selling 20,667 shares during the quarter. Cresset Asset Management LLC's holdings in NRG Energy were worth $450,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Czech National Bank boosted its holdings in shares of NRG Energy by 4.5% in the 4th quarter. Czech National Bank now owns 43,921 shares of the utilities provider's stock valued at $3,963,000 after acquiring an additional 1,880 shares during the last quarter. Wedmont Private Capital purchased a new stake in NRG Energy in the 4th quarter worth $224,000. Park Avenue Securities LLC grew its position in shares of NRG Energy by 30.3% in the fourth quarter. Park Avenue Securities LLC now owns 6,398 shares of the utilities provider's stock valued at $577,000 after purchasing an additional 1,488 shares during the period. HCR Wealth Advisors raised its position in shares of NRG Energy by 38.1% during the 4th quarter. HCR Wealth Advisors now owns 4,928 shares of the utilities provider's stock worth $445,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Procyon Advisors LLC lifted its stake in NRG Energy by 9.0% in the 4th quarter. Procyon Advisors LLC now owns 34,513 shares of the utilities provider's stock valued at $3,114,000 after buying an additional 2,845 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 1.3%

NYSE:NRG traded up $2.02 during mid-day trading on Monday, hitting $161.22. The stock had a trading volume of 2,826,803 shares, compared to its average volume of 3,031,087. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.86. The company has a market capitalization of $31.52 billion, a PE ratio of 40.51, a PEG ratio of 1.01 and a beta of 1.00. The stock has a 50-day simple moving average of $105.92 and a two-hundred day simple moving average of $101.14.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Jefferies Financial Group boosted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim upped their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.75.

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.