NRG Energy, Inc. $NRG Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in NRG Energy, Inc. by 52.5%, now holding 31,179 shares valued at approximately $2.98 million.
• Goldman Sachs Group significantly increased its holdings in NRG Energy by 468.4%, now owning over 4.75 million shares, worth around $454 million.
• NRG Energy reported $1.68 EPS for the last quarter, missing estimates, despite a revenue increase to $6.74 billion, surpassing expectations.

Vident Advisory LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 52.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,179 shares of the utilities provider's stock after selling 34,432 shares during the quarter. Vident Advisory LLC's holdings in NRG Energy were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake 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 buying an additional 6,049,247 shares in the last quarter. Boston Partners boosted its position in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of NRG Energy by 33.6% in the 1st 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NRG Energy by 17.5% in the fourth 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 during the period. Finally, Deutsche Bank AG boosted its holdings in NRG Energy by 7.3% during the first quarter. Deutsche Bank AG now owns 1,050,924 shares of the utilities provider's stock worth $100,321,000 after buying an additional 71,337 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NRG shares. Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price for the company. BMO Capital Markets upped their price target on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company boosted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Guggenheim upped their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $186.92.

NRG Energy Price Performance

NRG stock opened at $145.52 on Monday. The stock's 50 day moving average price is $154.35 and its 200 day moving average price is $130.96. The firm has a market cap of $28.15 billion, a P/E ratio of 65.84, a PEG ratio of 1.19 and a beta of 1.17. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 1 year low of $76.13 and a 1 year high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly 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 return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. During the same period in the previous year, the business posted $3.37 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is 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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