NRG Energy, Inc. $NRG Shares Sold by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd has reduced its stake in NRG Energy by 11.1%, selling 27,500 shares and now holds approximately 0.11% of the company valued at $35.42 million.
• NRG Energy's stock recently received ratings adjustments, with one firm lowering it from a "buy" to a "hold", while Citigroup raised its price target to $185.00 with a "buy" rating.
• The company reported earnings of $1.68 per share, missing projections, but its revenue for the quarter increased by 1.2% year-over-year, totaling $6.74 billion.

Aware Super Pty Ltd as trustee of Aware Super decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,554 shares of the utilities provider's stock after selling 27,500 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.11% of NRG Energy worth $35,417,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NRG. Toth Financial Advisory Corp acquired a new stake in shares of NRG Energy in the second quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of NRG Energy in the first quarter valued at about $28,000. Key Financial Inc acquired a new stake in shares of NRG Energy in the first quarter valued at about $30,000. Evermay Wealth Management LLC acquired a new stake in shares of NRG Energy in the first quarter valued at about $36,000. Finally, Kiker Wealth Management LLC acquired a new stake in shares of NRG Energy in the second quarter valued at about $37,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup boosted 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. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Scotiabank started coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price target on the stock. Finally, Melius started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $188.85.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

NYSE:NRG opened at $171.46 on Thursday. 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 firm has a market capitalization of $33.17 billion, a price-to-earnings ratio of 77.58, a PEG ratio of 1.33 and a beta of 1.14. The company's 50-day moving average is $157.42 and its two-hundred day moving average is $144.53. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results 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). The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.37 earnings per share. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's payout ratio is presently 79.64%.

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.

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