Balefire LLC Sells 1,920 Shares of NRG Energy, Inc. (NYSE:NRG)

Balefire LLC trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 33.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,874 shares of the utilities provider's stock after selling 1,920 shares during the quarter. Balefire LLC's holdings in NRG Energy were worth $370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the fourth quarter worth about $32,000. Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy during the fourth quarter worth approximately $41,000. Larson Financial Group LLC boosted its holdings in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of NRG Energy by 64.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after purchasing an additional 205 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth approximately $53,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director now owns 55,427 shares of the company's stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group raised their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Guggenheim raised their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. BMO Capital Markets restated a "market perform" rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $151.80.

NRG Energy Stock Up 0.8%

NYSE NRG traded up $1.25 during trading on Friday, reaching $162.79. The company's stock had a trading volume of 9,662,378 shares, compared to its average volume of 2,987,533. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The stock has a market capitalization of $31.83 billion, a PE ratio of 26.26, a PEG ratio of 1.28 and a beta of 1.13. The business has a 50-day moving average price of $141.87 and a 200-day moving average price of $113.46. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.53.

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

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is 28.39%.

NRG Energy 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.