NRG Energy, Inc. (NYSE:NRG) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 54.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,078 shares of the utilities provider's stock after selling 28,552 shares during the period. Bessemer Group Inc.'s holdings in NRG Energy were worth $2,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its position in NRG Energy by 55.1% during the first quarter. Spire Wealth Management now owns 4,391 shares of the utilities provider's stock worth $419,000 after buying an additional 1,560 shares during the period. Golden State Equity Partners purchased a new position in shares of NRG Energy during the first quarter worth approximately $222,000. Asset Management One Co. Ltd. increased its holdings in shares of NRG Energy by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 81,893 shares of the utilities provider's stock valued at $7,818,000 after acquiring an additional 4,169 shares during the period. Oppenheimer & Co. Inc. raised its position in NRG Energy by 74.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,254 shares of the utilities provider's stock valued at $1,456,000 after purchasing an additional 6,521 shares during the last quarter. Finally, TrueMark Investments LLC boosted its stake in NRG Energy by 30.3% during the 1st quarter. TrueMark Investments LLC now owns 57,317 shares of the utilities provider's stock worth $5,471,000 after purchasing an additional 13,333 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NYSE:NRG traded down $2.08 during trading hours on Monday, hitting $160.59. The company's stock had a trading volume of 2,797,620 shares, compared to its average volume of 2,970,962. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week 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 business's 50-day moving average is $141.87 and its two-hundred day moving average is $113.72. The company has a market capitalization of $31.40 billion, a PE ratio of 25.90, a PEG ratio of 1.29 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping 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 business had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. During the same period in the prior year, the company posted $2.31 EPS. The business's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.10%. NRG Energy's payout ratio is 28.39%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Raymond James Financial started coverage on NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. Wells Fargo & Company increased their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays set a $197.00 price target on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $151.80.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

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.