NRG Energy, Inc. $NRG Holdings Cut by Caption Management LLC

Key Points

• Caption Management LLC significantly reduced its holdings in NRG Energy by 95.6%, ending the first quarter with 1,000 shares valued at $95,000.
• Following recent earnings results, NRG Energy reported a missed EPS expectation of $1.68, falling short of the consensus estimate by $0.04, while revenue reached $6.74 billion, exceeding analyst estimates.
• The company declared a quarterly dividend of $0.44 per share, reflecting an annualized yield of 1.2% with a dividend payout ratio of 79.64%.

Caption Management LLC lowered its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 95.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the utilities provider's stock after selling 21,900 shares during the quarter. Caption Management LLC's holdings in NRG Energy were worth $95,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after purchasing an additional 6,049,247 shares in the last quarter. Boston Partners raised its stake in shares of NRG Energy by 169.5% in the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NRG Energy in the 1st quarter valued at about $93,075,000. GAMMA Investing LLC raised its stake in shares of NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $54,881,000. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NRG stock traded down $0.49 on Friday, hitting $147.46. 1,672,696 shares of the company's stock traded hands, compared to its average volume of 2,025,767. NRG Energy, Inc. has a 1-year low of $76.13 and a 1-year high of $175.96. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 1.20 and a beta of 1.17. The stock has a fifty day moving average of $153.33 and a 200-day moving average of $132.09. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the company earned $3.37 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is 79.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Melius initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.92.

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.