AE Wealth Management LLC Sells 17,790 Shares of NRG Energy, Inc. (NYSE:NRG)

AE Wealth Management LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,091 shares of the utilities provider's stock after selling 17,790 shares during the quarter. AE Wealth Management LLC owned approximately 0.07% of NRG Energy worth $14,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after purchasing an additional 1,528 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in NRG Energy in the fourth quarter worth about $155,000. Mizuho Securities USA LLC boosted its position in NRG Energy by 43.5% during the 4th quarter. Mizuho Securities USA LLC now owns 19,199 shares of the utilities provider's stock valued at $1,732,000 after acquiring an additional 5,816 shares in the last quarter. LPL Financial LLC grew its holdings in shares of NRG Energy by 19.6% during the 4th quarter. LPL Financial LLC now owns 221,039 shares of the utilities provider's stock worth $19,942,000 after acquiring an additional 36,181 shares during the period. Finally, TrueMark Investments LLC bought a new position in shares of NRG Energy in the 4th quarter worth approximately $3,968,000. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director owned 55,427 shares of the company's stock, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company's stock.

NRG Energy Stock Performance

Shares of NRG traded down $2.43 during mid-day trading on Thursday, hitting $158.12. 2,849,681 shares of the company traded hands, compared to its average volume of 2,920,355. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The stock has a 50-day moving average price of $154.77 and a two-hundred day moving average price of $121.42. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.33 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The company had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. NRG Energy's revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.11%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NRG. Guggenheim upped their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group raised their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wall Street Zen raised NRG Energy from a "buy" rating to a "strong-buy" rating in a report on Friday, July 18th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Finally, Barclays set a $197.00 price target on shares of NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $160.30.

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.