GTS Securities LLC Sells 24,630 Shares of NRG Energy, Inc. (NYSE:NRG)

GTS Securities LLC trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 91.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,447 shares of the utilities provider's stock after selling 24,630 shares during the quarter. GTS Securities LLC's holdings in NRG Energy were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in NRG Energy during the 4th quarter valued at $32,000. Mizuho Bank Ltd. purchased a new position in NRG Energy in the fourth quarter valued at about $41,000. Princeton Global Asset Management LLC boosted its stake in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Down 2.6%

Shares of NYSE:NRG traded down $4.11 during midday trading on Wednesday, hitting $156.93. The company had a trading volume of 3,204,221 shares, compared to its average volume of 3,007,066. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $162.53. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market cap of $30.68 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 1.01 and a beta of 1.13. The firm has a fifty day simple moving average of $121.62 and a 200 day simple moving average of $106.87.

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 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The firm's revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 1.12%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Guggenheim increased their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Finally, Jefferies Financial Group increased 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated 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 now owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

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.