Invesco LLC Has $1.33 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Invesco LLC reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,889 shares of the utilities provider's stock after selling 12,675 shares during the period. Invesco LLC's holdings in NRG Energy were worth $1,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NRG. Brighton Jones LLC increased its holdings in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of NRG Energy by 34.8% during the fourth quarter. Principal Securities Inc. now owns 2,980 shares of the utilities provider's stock worth $269,000 after purchasing an additional 769 shares during the last quarter. Truist Financial Corp increased its stake in shares of NRG Energy by 83.7% in the fourth quarter. Truist Financial Corp now owns 47,383 shares of the utilities provider's stock valued at $4,275,000 after buying an additional 21,596 shares in the last quarter. Venturi Wealth Management LLC lifted its position in NRG Energy by 31.6% during the 4th quarter. Venturi Wealth Management LLC now owns 729 shares of the utilities provider's stock worth $66,000 after buying an additional 175 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in NRG Energy by 32.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,574 shares of the utilities provider's stock worth $1,134,000 after acquiring an additional 3,083 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Down 0.3%

Shares of NYSE:NRG traded down $0.46 during mid-day trading on Wednesday, reaching $153.22. The stock had a trading volume of 2,195,341 shares, compared to its average volume of 2,964,125. The firm has a market cap of $29.96 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13. The firm has a 50 day simple moving average of $138.20 and a two-hundred day simple moving average of $112.25. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last announced 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. The company had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group upped their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Guggenheim lifted their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Raymond James Financial started coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average price target of $146.78.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the transaction, the director now owns 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.