NRG Energy, Inc. $NRG Stock Position Trimmed by UBS Group AG

Key Points

• UBS Group AG cut its position in NRG by 22.5% in Q4, selling 215,340 shares and ending the quarter with 743,642 shares (about 0.39% of the company) valued at roughly $118.4 million.
• NRG reported quarterly EPS of $1.04, missing the $1.19 consensus, while revenue rose 13.7% year‑over‑year to $7.75 billion, topping estimates.
• NRG announced a quarterly dividend of $0.475 (annualized $1.90, yield ~1.2%), and analysts hold a Moderate Buy consensus with an average price target around $197.57.

UBS Group AG cut its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 743,642 shares of the utilities provider's stock after selling 215,340 shares during the quarter. UBS Group AG owned about 0.39% of NRG Energy worth $118,418,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NRG. Brighton Jones LLC lifted its position in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in NRG Energy in the 1st quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider's stock valued at $1,934,000 after purchasing an additional 1,381 shares during the last quarter. Woodline Partners LP lifted its position in NRG Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider's stock valued at $1,634,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in NRG Energy in the 2nd quarter valued at about $7,937,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $153.24 on Friday. NRG Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $189.96. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 38.89 and a beta of 1.32. The stock's 50 day moving average price is $159.13 and its 200 day moving average price is $160.83. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm earned $1.56 EPS. NRG Energy's revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, May 1st. NRG Energy's payout ratio is presently 48.22%.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president directly owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on NRG shares. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, March 6th. They issued a "buy" rating and a $197.00 price objective on the stock. Jefferies Financial Group reduced their price target on shares of NRG Energy from $198.00 to $181.00 and set a "buy" rating for the company in a research note on Tuesday, January 27th. Wolfe Research upgraded shares of NRG Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. Wells Fargo & Company boosted their target price on NRG Energy from $202.00 to $206.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Finally, Barclays dropped their target price on NRG Energy from $203.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.57.

About NRG Energy

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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