Lee Johnson Capital Management LLC Has $4.89 Million Position in NRG Energy, Inc. $NRG

Key Points

• Lee Johnson Capital Management LLC has reduced its stake in NRG Energy by 29.7%, now holding 30,464 shares valued at approximately $4.89 million.
• Several institutional investors, including Goldman Sachs and Amundi, significantly increased their holdings in NRG Energy during the first quarter of this year.
• The company recently declared a quarterly dividend of $0.44 per share, translating to an annualized dividend of $1.76 and a yield of 1.1% as of August 1st.

Lee Johnson Capital Management LLC lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 29.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 30,464 shares of the utilities provider's stock after selling 12,861 shares during the period. NRG Energy makes up 1.7% of Lee Johnson Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Lee Johnson Capital Management LLC's holdings in NRG Energy were worth $4,892,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after buying an additional 6,049,247 shares during the last quarter. Amundi raised its position in shares of NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners raised its position in shares of NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after buying an additional 1,771,829 shares during the last quarter. Appaloosa LP raised its position in NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock worth $195,693,000 after purchasing an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in NRG Energy by 33.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock worth $141,388,000 after purchasing an additional 372,618 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on NRG. BMO Capital Markets increased their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Melius Research began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Melius began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Finally, Citigroup increased their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $188.85.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Trading Down 1.9%

Shares of NYSE NRG opened at $165.32 on Tuesday. The company's 50 day simple moving average is $156.57 and its 200 day simple moving average is $139.53. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. The firm has a market capitalization of $31.98 billion, a P/E ratio of 74.81, a P/E/G ratio of 1.37 and a beta of 1.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the prior year, the company earned $3.37 earnings per share. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 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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