NRG Energy, Inc. (NYSE:NRG) Stake Lowered by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,415 shares of the utilities provider's stock after selling 34,932 shares during the period. Ensign Peak Advisors Inc owned 0.08% of NRG Energy worth $13,931,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after buying an additional 24,062 shares during the last quarter. Affinity Wealth Management LLC raised its stake in NRG Energy by 7.8% during the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock valued at $3,857,000 after acquiring an additional 3,084 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in NRG Energy during the 4th quarter worth $2,418,000. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy in the fourth quarter worth $32,000. Finally, Townsquare Capital LLC increased its holdings in shares of NRG Energy by 97.4% during the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 2,582 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NRG. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Guggenheim raised their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Trading Up 0.8%

Shares of NRG traded up $1.21 during midday trading on Thursday, hitting $155.02. The stock had a trading volume of 4,023,758 shares, compared to its average volume of 3,017,756. The business has a 50-day simple moving average of $103.10 and a two-hundred day simple moving average of $100.03. The firm has a market cap of $31.57 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. 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 fifty-two week low of $65.11 and a fifty-two week high of $158.66.

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, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The company's revenue was up 15.6% on a year-over-year basis. As a group, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's payout ratio is 28.39%.

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.