NRG Energy, Inc. $NRG Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its holdings in NRG Energy by 29.1%, selling 22,675 shares during the second quarter, now owning 55,308 shares valued at approximately $8.88 million.
• Analysts have varied ratings on NRG Energy, with BMO Capital Markets increasing its target price to $185.00 while Melius Research issued a "buy" rating with a target price of $308.00.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, representing a 1.1% dividend yield, which reflects a payout ratio of 79.64%.

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 29.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,308 shares of the utilities provider's stock after selling 22,675 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in NRG Energy were worth $8,881,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Toth Financial Advisory Corp purchased a new position in NRG Energy during the second quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in NRG Energy in the 1st quarter valued at $28,000. Key Financial Inc purchased a new position in NRG Energy during the first quarter worth about $30,000. Evermay Wealth Management LLC acquired a new stake in shares of NRG Energy during the 1st quarter worth approximately $36,000. Finally, ORG Partners LLC raised its position in NRG Energy by 422.2% in the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NRG. BMO Capital Markets increased their target price on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Melius Research initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Barclays raised their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NRG Energy in a report on Saturday, September 27th. One 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. Based on data from MarketBeat.com, NRG Energy presently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction 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 directly owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

NRG Energy Stock Performance

Shares of NRG opened at $166.56 on Monday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The stock has a market capitalization of $32.22 billion, a PE ratio of 75.37, a PEG ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a 50-day simple moving average of $157.14 and a 200-day simple moving average of $141.41.

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

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 1.1%. NRG Energy's payout ratio is presently 79.64%.

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.

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