Maxi Investments CY Ltd Has $232,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Maxi Investments CY Ltd reduced its stake in NRG Energy by 49.7%, now holding 2,433 shares valued at approximately $232,000.
• Citigroup raised its price target for NRG Energy from $133.00 to $185.00, contributing to a general positive outlook with a consensus rating of "Moderate Buy".
• NRG Energy announced a quarterly dividend of $0.44 per share, with an ex-dividend date of August 1st, representing an annual yield of 1.0%.

Maxi Investments CY Ltd lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,433 shares of the utilities provider's stock after selling 2,400 shares during the quarter. Maxi Investments CY Ltd's holdings in NRG Energy were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of 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. CIBC Private Wealth Group LLC lifted its position in shares of NRG Energy by 64.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after buying an additional 205 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of NRG Energy by 10.1% during the 4th quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider's stock worth $21,814,000 after acquiring an additional 22,133 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of NRG Energy by 41.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 335,825 shares of the utilities provider's stock valued at $30,298,000 after acquiring an additional 99,091 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of NRG Energy by 28.3% in the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 146 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was 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 approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday. Guggenheim boosted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Raymond James Financial began coverage on NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. Wall Street Zen lowered NRG Energy from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Wells Fargo & Company increased their target price on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.70.

NRG Energy Stock Performance

Shares of NRG traded up $4.62 on Thursday, reaching $153.18. 4,884,102 shares of the stock traded hands, compared to its average volume of 3,184,913. The stock's 50-day moving average price is $155.79 and its 200-day moving average price is $125.67. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 1.02. The firm has a market cap of $29.95 billion, a price-to-earnings ratio of 69.31, a P/E/G ratio of 1.24 and a beta of 1.14. NRG Energy, Inc. has a 12 month low of $72.95 and a 12 month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the prior year, the firm earned $3.37 EPS. The firm's quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 1st. NRG Energy's payout ratio is presently 79.64%.

NRG Energy 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.