Mackenzie Financial Corp Sells 46,144 Shares of NRG Energy, Inc. (NYSE:NRG)

Mackenzie Financial Corp reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 14.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 274,633 shares of the utilities provider's stock after selling 46,144 shares during the period. Mackenzie Financial Corp owned 0.13% of NRG Energy worth $26,216,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its holdings in shares of NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after buying an additional 316,445 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of NRG Energy by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after buying an additional 56,944 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NRG Energy by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock valued at $110,392,000 after purchasing an additional 182,438 shares in the last quarter. Bridgewater Associates LP boosted its holdings in NRG Energy by 47.3% in the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock valued at $106,944,000 after purchasing an additional 380,564 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in NRG Energy by 32.2% in the 1st quarter. Victory Capital Management Inc. now owns 992,811 shares of the utilities provider's stock valued at $94,774,000 after purchasing an additional 242,010 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NRG. Citigroup lifted their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen downgraded NRG Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Raymond James Financial initiated coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target on the stock. Finally, Barclays set a $197.00 price objective on shares of NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.30.

NRG Energy Trading Up 0.4%

NRG Energy stock traded up $0.63 during midday trading on Friday, reaching $167.83. The stock had a trading volume of 2,557,564 shares, compared to its average volume of 3,206,639. The firm's fifty day simple moving average is $155.13 and its two-hundred day simple moving average is $123.62. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $169.24. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The firm has a market cap of $32.81 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.39 and a beta of 1.13.

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

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Insider Activity

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on 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 completion of the sale, the director owned 55,427 shares of the company's stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by company 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.