Kwmg LLC Cuts Position in NRG Energy, Inc. (NYSE:NRG)

Kwmg LLC trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fulton Bank N.A. bought a new position in NRG Energy in the 1st quarter worth approximately $250,000. Merit Financial Group LLC bought a new position in NRG Energy in the 1st quarter valued at $909,000. NBC Securities Inc. lifted its holdings in shares of NRG Energy by 115,340.0% during the 1st quarter. NBC Securities Inc. now owns 5,772 shares of the utilities provider's stock worth $550,000 after acquiring an additional 5,767 shares during the last quarter. Czech National Bank lifted its holdings in shares of NRG Energy by 5.9% during the 1st quarter. Czech National Bank now owns 46,526 shares of the utilities provider's stock worth $4,441,000 after acquiring an additional 2,605 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of NRG Energy by 6.0% during the 1st quarter. Rhumbline Advisers now owns 396,279 shares of the utilities provider's stock worth $37,829,000 after acquiring an additional 22,593 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.75.

NRG Energy Trading Down 0.1%

Shares of NRG stock traded down $0.09 during mid-day trading on Friday, reaching $155.94. The stock had a trading volume of 2,327,743 shares, compared to its average volume of 2,990,788. The stock's 50-day moving average price is $123.98 and its two-hundred day moving average price is $107.72. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $162.33. The firm has a market capitalization of $30.49 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. Equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by corporate 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.