Invesco LLC Sells 2,322 Shares of NRG Energy, Inc. $NRG

Key Points

• Invesco LLC has reduced its holdings in NRG Energy by 16.7%, selling 2,322 shares in the second quarter, which brought their total ownership to 11,567 shares valued at approximately $1.85 million.
• GAMMA Investing LLC significantly increased its stake in NRG Energy by 10,483.2% in the first quarter, acquiring 655,098 shares and now holding a total of 661,347 shares valued at around $63.1 million.
• NRG Energy declared a $0.44 quarterly dividend, with an annual yield of 1.0%, and reported earnings of $1.68 per share, missing estimates by $0.04 in their latest quarterly results.

Invesco LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,567 shares of the utilities provider's stock after selling 2,322 shares during the quarter. Invesco LLC's holdings in NRG Energy were worth $1,857,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after buying an additional 1,528 shares during the period. Wellington Management Group LLP grew its stake in NRG Energy by 10.1% in the fourth quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider's stock valued at $21,814,000 after acquiring an additional 22,133 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in NRG Energy by 52.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,072 shares of the utilities provider's stock valued at $102,000 after acquiring an additional 370 shares during the period. Versant Capital Management Inc increased its holdings in shares of NRG Energy by 75.1% in the first quarter. Versant Capital Management Inc now owns 2,702 shares of the utilities provider's stock worth $258,000 after acquiring an additional 1,159 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NRG Energy by 10,483.2% during 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. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

NRG Energy Trading Up 3.5%

NYSE NRG opened at $168.66 on Monday. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96. 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 stock has a 50 day moving average of $156.31 and a 200-day moving average of $139.04. The company has a market cap of $32.62 billion, a PE ratio of 76.32, a PEG ratio of 1.37 and a beta of 1.17.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) 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 firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the company posted $3.37 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 1.0%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's payout ratio is 79.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on NRG shares. BMO Capital Markets increased their target price on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Melius started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price for the company. Finally, Scotiabank began coverage on NRG Energy in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

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.

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