NRG Energy, Inc. (NYSE:NRG) Stock Holdings Decreased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 42.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,142 shares of the utilities provider's stock after selling 11,787 shares during the period. Harvest Fund Management Co. Ltd's holdings in NRG Energy were worth $1,542,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GW&K Investment Management LLC grew its stake in shares of NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 129 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock valued at $39,512,000 after buying an additional 206,096 shares during the period. Exchange Traded Concepts LLC raised its position in NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after buying an additional 2,190 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of NRG Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after acquiring an additional 630 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of NRG Energy during the fourth quarter worth about $276,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered NRG Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Raymond James Financial initiated 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 objective for the company. BMO Capital Markets restated a "market perform" rating and set a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, Guggenheim lifted their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $160.30.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Trading Up 0.4%

NRG stock traded up $0.63 during midday trading on Friday, reaching $167.83. 2,557,564 shares of the company's stock traded hands, compared to its average volume of 2,544,449. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market capitalization of $32.81 billion, a P/E ratio of 27.07, a PEG ratio of 1.39 and a beta of 1.14. The business has a 50-day moving average price of $155.33 and a two-hundred day moving average price of $124.09. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $169.24.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy's payout ratio is 28.39%.

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.