NRG Energy, Inc. (NYSE:NRG) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903,501 shares of the utilities provider's stock after selling 114,645 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.45% of NRG Energy worth $81,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NRG. SBI Securities Co. Ltd. acquired a new stake in NRG Energy during the fourth quarter valued at $32,000. UMB Bank n.a. raised its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in NRG Energy in the 4th quarter valued at about $41,000. Princeton Global Asset Management LLC raised its holdings in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after buying an additional 390 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on NRG. Morgan Stanley boosted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price target (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $140.75.

NRG Energy Stock Performance

NRG stock traded down $4.33 during trading hours on Wednesday, reaching $155.35. The stock had a trading volume of 3,066,201 shares, compared to its average volume of 3,032,288. The stock has a 50-day simple moving average of $108.67 and a 200 day simple moving average of $102.07. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market capitalization of $30.37 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $161.78.

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. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the company posted $2.31 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 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.