Lingohr Asset Management GmbH Sells 25,830 Shares of NRG Energy, Inc. $NRG

Key Points

• Lingohr Asset Management GmbH significantly reduced its holdings in NRG Energy, Inc. by 85.6%, selling 25,830 shares and leaving it with a total of 4,340 shares valued at approximately $697,000.
• In contrast, other institutional investors, such as Goldman Sachs and Amundi, have substantially increased their stakes in NRG Energy, with Goldman Sachs growing its holdings by 468.4% in the first quarter.
• NRG Energy reported a quarterly EPS of $1.68, missing estimates, while revenues were up 1.2% from the previous year, indicating mixed financial performance amidst changes in institutional ownership.

Lingohr Asset Management GmbH reduced its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 85.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,340 shares of the utilities provider's stock after selling 25,830 shares during the quarter. Lingohr Asset Management GmbH's holdings in NRG Energy were worth $697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after purchasing an additional 6,049,247 shares during the period. Amundi increased its stake in shares of NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock worth $406,342,000 after purchasing an additional 3,876,235 shares in the last quarter. Boston Partners increased its stake in shares of NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Appaloosa LP grew its stake in NRG Energy by 12.9% during the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after acquiring an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in NRG Energy by 33.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after acquiring an additional 372,618 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG stock opened at $165.06 on Monday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The business has a 50-day moving average price of $153.23 and a 200 day moving average price of $134.01. The company has a market capitalization of $31.93 billion, a P/E ratio of 74.69, a PEG ratio of 1.34 and a beta of 1.17. NRG Energy, Inc. has a 1-year low of $77.49 and a 1-year high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.37 earnings per share. As a group, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy's dividend payout ratio is currently 79.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NRG. BMO Capital Markets upped their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Melius Research began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Barclays raised their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Melius assumed coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $186.92.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company'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 sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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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