Assetmark Inc. Trims Position in NRG Energy, Inc. $NRG

Key Points

• Assetmark Inc. cut its stake in NRG by 1.9%, selling 11,009 shares and ending the quarter with 580,754 shares (about 0.30% ownership) valued at roughly $92.48 million.
• NRG reported mixed Q4 results—EPS of $1.04 missed estimates of $1.19 while revenue of $7.75 billion beat expectations and rose 13.7% year‑over‑year—and the company raised its quarterly dividend to $0.475 (annualized $1.90).
• Analysts are broadly positive, with a consensus rating of Moderate Buy and an average target price of $198.21 (majority of recent ratings are Buy/Strong Buy).

Assetmark Inc. cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 580,754 shares of the utilities provider's stock after selling 11,009 shares during the quarter. Assetmark Inc. owned 0.30% of NRG Energy worth $92,479,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Reaves W H & Co. Inc. increased its holdings in shares of NRG Energy by 122.8% during the 3rd quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider's stock valued at $47,852,000 after purchasing an additional 162,874 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of NRG Energy by 7.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider's stock valued at $198,442,000 after purchasing an additional 86,528 shares in the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of NRG Energy by 58.1% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider's stock valued at $3,238,000 after purchasing an additional 7,344 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in shares of NRG Energy during the 3rd quarter valued at approximately $27,003,000. Finally, Korea Investment CORP increased its holdings in shares of NRG Energy by 13.4% during the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider's stock valued at $44,865,000 after purchasing an additional 32,672 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG Energy stock opened at $170.03 on Tuesday. The company's fifty day moving average price is $159.65 and its 200 day moving average price is $161.31. NRG Energy, Inc. has a 1 year low of $90.84 and a 1 year high of $189.96. The stock has a market capitalization of $36.48 billion, a P/E ratio of 43.16 and a beta of 1.35. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the business posted $1.56 EPS. NRG Energy's revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.475 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio is presently 48.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NRG shares. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, March 6th. They set a "buy" rating and a $197.00 target price for the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $225.00 target price on shares of NRG Energy in a report on Monday, February 23rd. Barclays dropped their price target on shares of NRG Energy from $203.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $232.00 price target on the stock. Finally, Zacks Research raised shares of NRG Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $198.21.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president owned 55,495 shares of the company's stock, valued at $8,693,291.75. The trade was a 8.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.

NRG Energy Company Profile

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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