Kwmg LLC Sells 2,643 Shares of NRG Energy, Inc. (NYSE:NRG)

Kwmg LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,549 shares of the utilities provider's stock after selling 2,643 shares during the period. Kwmg LLC's holdings in NRG Energy were worth $7,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NRG. Fulton Bank N.A. bought a new stake in NRG Energy during the first quarter worth approximately $250,000. Merit Financial Group LLC bought a new position in shares of NRG Energy in the first quarter valued at approximately $909,000. NBC Securities Inc. raised its position in shares of NRG Energy by 115,340.0% in the first quarter. NBC Securities Inc. now owns 5,772 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 5,767 shares during the period. Czech National Bank raised its position in shares of NRG Energy by 5.9% in the first quarter. Czech National Bank now owns 46,526 shares of the utilities provider's stock valued at $4,441,000 after purchasing an additional 2,605 shares during the period. Finally, Rhumbline Advisers raised its position in shares of NRG Energy by 6.0% in the first quarter. Rhumbline Advisers now owns 396,279 shares of the utilities provider's stock valued at $37,829,000 after purchasing an additional 22,593 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on 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 directly 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 SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NRG. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Finally, Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.75.

NRG Energy Stock Performance

Shares of NYSE NRG traded down $4.11 during trading hours on Wednesday, reaching $156.93. The stock had a trading volume of 3,204,221 shares, compared to its average volume of 3,012,307. The business's fifty day moving average is $120.38 and its two-hundred day moving average is $106.52. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company 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. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.53.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. NRG Energy's revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.31 earnings per share. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.12%. NRG Energy's dividend payout ratio is currently 28.39%.

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.