Inspire Investing LLC Sells 4,543 Shares of NRG Energy, Inc. $NRG

Key Points

• Inspire Investing LLC reduced its holdings in NRG Energy, Inc. by 12.9%, selling 4,543 shares during the first quarter, leaving them with 30,639 shares valued at approximately $2.93 million by the end of the quarter.
• Several institutional investors have increased their stakes in NRG, notably Envestnet Asset Management, which raised its position by 99.2%, acquiring 206,096 shares worth around $39.51 million.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, representing an annualized yield of 1.1% with a payout ratio of 79.64%.

Inspire Investing LLC decreased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,639 shares of the utilities provider's stock after selling 4,543 shares during the quarter. Inspire Investing LLC's holdings in NRG Energy were worth $2,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC boosted its position in NRG Energy by 23.8% during the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 129 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in NRG Energy by 99.2% in the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock valued at $39,512,000 after buying an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of NRG Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of NRG Energy in the fourth quarter worth about $276,000. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NRG. Citigroup lifted their price target on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Raymond James Financial began coverage on NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. Barclays lifted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius began coverage on NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Finally, Melius Research began coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.92.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by company insiders.

NRG Energy Price Performance

NRG stock opened at $158.05 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a market capitalization of $30.57 billion, a PE ratio of 71.52, a P/E/G ratio of 1.31 and a beta of 1.17. NRG Energy, Inc. has a 12-month low of $77.49 and a 12-month high of $175.96. The business's fifty day moving average price is $153.11 and its 200 day moving average price is $133.24.

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

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio is 79.64%.

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.

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