Gulf International Bank UK Ltd Sells 4,196 Shares of NRG Energy, Inc. $NRG

Key Points

• Gulf International Bank UK Ltd reduced its holdings in NRG Energy by 26.2%, owning 11,841 shares valued at approximately $1.13 million after selling 4,196 shares in the first quarter.
• NRG Energy's stock is currently down 3.6%, with a market capitalization of $28.69 billion and a price-to-earnings ratio of 67.11.
• The company reported $1.68 EPS for the latest quarter, missing estimates, while revenue increased by 1.2% year-over-year, totaling $6.74 billion.

Gulf International Bank UK Ltd lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 26.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,841 shares of the utilities provider's stock after selling 4,196 shares during the period. Gulf International Bank UK Ltd's holdings in NRG Energy were worth $1,130,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GW&K Investment Management LLC grew its holdings in NRG Energy by 23.8% during the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock worth $64,000 after acquiring an additional 129 shares during the period. Envestnet Asset Management Inc. grew its holdings in NRG Energy by 99.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after acquiring an additional 206,096 shares during the period. Exchange Traded Concepts LLC grew its holdings in NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after acquiring an additional 2,190 shares during the period. State of Alaska Department of Revenue grew its holdings in NRG Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after acquiring an additional 630 shares during the period. Finally, Graham Capital Management L.P. bought a new position in shares of NRG Energy during the fourth quarter worth $276,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

NRG Energy Stock Down 1.4%

NRG stock traded down $2.1410 during trading on Tuesday, reaching $148.2990. The stock had a trading volume of 2,189,857 shares, compared to its average volume of 3,226,585. The company's 50 day moving average is $155.19 and its two-hundred day moving average is $128.25. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 67.10, a P/E/G ratio of 1.21 and a beta of 1.14. NRG Energy, Inc. has a one year low of $76.13 and a one year high of $175.96. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

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

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio is currently 79.64%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Guggenheim boosted their price target on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Raymond James Financial assumed coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. BMO Capital Markets boosted their price target on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $162.70.

NRG Energy Company 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.