Patton Fund Management Inc. Lowers Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Patton Fund Management Inc. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 22.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,280 shares of the utilities provider's stock after selling 14,165 shares during the quarter. NRG Energy accounts for approximately 1.1% of Patton Fund Management Inc.'s investment portfolio, making the stock its 28th biggest position. Patton Fund Management Inc.'s holdings in NRG Energy were worth $4,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the 4th quarter worth approximately $32,000. Townsquare Capital LLC grew its stake in shares of NRG Energy by 97.4% in the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after acquiring an additional 2,582 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of NRG Energy during the fourth quarter worth $276,000. Sanctuary Advisors LLC raised its stake in shares of NRG Energy by 2.5% in the fourth quarter. Sanctuary Advisors LLC now owns 99,317 shares of the utilities provider's stock valued at $8,960,000 after acquiring an additional 2,462 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in NRG Energy by 85.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,817 shares of the utilities provider's stock valued at $164,000 after purchasing an additional 835 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Down 1.3%

Shares of NRG Energy stock traded down $2.05 during trading hours on Tuesday, hitting $151.89. The company had a trading volume of 2,532,034 shares, compared to its average volume of 2,987,879. 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 company's 50-day moving average is $131.40 and its two-hundred day moving average is $110.14. The company has a market cap of $29.70 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the company posted $2.31 earnings per share. The business's quarterly revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Insider Activity

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on 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 transaction, the director now directly owns 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent research reports. Jefferies Financial Group upped their price target on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Raymond James began coverage on NRG Energy in a research report on Friday. They set a "strong-buy" rating and a $195.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.78.

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.