Machina Capital S.A.S. Has $816,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Machina Capital S.A.S. reduced its holdings in NRG Energy, Inc. by 59.3%, now owning 8,548 shares worth approximately $816,000.
• NRG Energy received several upgrades from analysts, with price targets raised by firms such as Wells Fargo and Guggenheim, reflecting a consensus rating of "Moderate Buy" and an average target price of $160.30.
• The company declared a quarterly dividend of $0.44 per share, representing an annualized yield of 1.12%, with the ex-dividend date set for August 1st.

Machina Capital S.A.S. trimmed its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 59.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,548 shares of the utilities provider's stock after selling 12,430 shares during the period. Machina Capital S.A.S.'s holdings in NRG Energy were worth $816,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Key Financial Inc acquired a new position in shares of NRG Energy in the 1st quarter valued at approximately $30,000. Mizuho Bank Ltd. acquired a new position in shares of NRG Energy in the 4th quarter valued at approximately $41,000. CIBC Private Wealth Group LLC raised its position in shares of NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of NRG Energy in the 4th quarter valued at approximately $53,000. Finally, UMB Bank n.a. raised its position in shares of NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 200 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the stock in a transaction 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 completion of the transaction, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NRG shares. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Citigroup upped their price target on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. BMO Capital Markets reissued a "market perform" rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wells Fargo & Company upped their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, Barclays set a $197.00 price target on NRG Energy and gave the company an "overweight" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.30.

NRG Energy Stock Performance

NYSE NRG traded up $2.02 during trading hours on Monday, hitting $158.61. The company had a trading volume of 586,769 shares, compared to its average volume of 3,203,688. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $168.57. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The business has a fifty day simple moving average of $154.71 and a 200-day simple moving average of $122.16. The firm has a market cap of $31.01 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The company had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.44 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. NRG Energy's payout ratio is 28.39%.

NRG Energy Company 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.