NRG Energy, Inc. $NRG Shares Sold by Kwmg LLC

Key Points

• Kwmg LLC reduced its stake in NRG Energy, Inc. by 5.1%, owning 73,575 shares worth approximately $11.8 million after selling 3,974 shares in the second quarter.
• Goldman Sachs and other institutional investors significantly increased their holdings in NRG Energy in the first quarter, with Goldman Sachs raising its stake by 468.4% to 4.76 million shares.
• NRG Energy declared a quarterly dividend of $0.44 per share, with an annualized payout of $1.76 and a yield of 1.0%, representing a 79.64% dividend payout ratio.

Kwmg LLC lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 73,575 shares of the utilities provider's stock after selling 3,974 shares during the period. Kwmg LLC's holdings in NRG Energy were worth $11,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $454,173,000 after purchasing an additional 6,049,247 shares in the last quarter. Amundi lifted its holdings 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 valued at $406,342,000 after purchasing an additional 3,876,235 shares in the last quarter. Boston Partners lifted its holdings 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 valued at $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Appaloosa LP lifted its holdings in shares of NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after purchasing an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of 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 valued at $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.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.61% of the company's stock.

NRG Energy Stock Up 4.1%

Shares of NRG opened at $171.11 on Tuesday. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of 77.43, a P/E/G ratio of 1.35 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96. The company has a 50-day moving average price of $154.84 and a two-hundred day moving average price of $136.88.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly 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 business had revenue of $6.74 billion for 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 firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.37 EPS. Equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NRG. Barclays increased their target price on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets increased their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Melius initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Finally, Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $188.85.

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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