SRH Advisors LLC Lowers Position in NRG Energy, Inc. $NRG

Key Points

• SRH Advisors LLC reduced its holdings in NRG Energy by 40.6%, now owning only 4,750 shares, which accounts for approximately 0.2% of its portfolio.
• Goldman Sachs Group Inc. and Amundi significantly increased their positions in NRG Energy, raising their stakes by 468.4% and 772.5% respectively during the first quarter.
• NRG Energy reported quarterly earnings of $1.68 per share, which missed analysts' estimates of $1.72, while also announcing a quarterly dividend of $0.44 per share paid on August 15th.

SRH Advisors LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 40.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,750 shares of the utilities provider's stock after selling 3,250 shares during the period. NRG Energy accounts for approximately 0.2% of SRH Advisors LLC's portfolio, making the stock its 22nd largest holding. SRH Advisors LLC's holdings in NRG Energy were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Goldman Sachs Group Inc. raised its position in shares of NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after buying an additional 6,049,247 shares in the last quarter. Amundi raised its position in shares of NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock worth $406,342,000 after buying an additional 3,876,235 shares in the last quarter. Boston Partners raised its position in shares of NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after buying an additional 1,771,829 shares in the last quarter. Nuveen LLC purchased a new stake in shares of NRG Energy in the first quarter worth $93,075,000. Finally, Alliancebernstein L.P. raised its position in shares of NRG Energy by 289.1% in the first quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider's stock worth $97,672,000 after buying an additional 760,201 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 0.4%

Shares of NYSE:NRG opened at $166.56 on Monday. The stock's 50-day moving average price is $157.14 and its 200-day moving average price is $141.41. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The stock has a market capitalization of $32.22 billion, a P/E ratio of 75.37, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the business posted $3.37 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. Scotiabank started coverage on NRG Energy in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price on the stock. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets increased their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Finally, Barclays increased their target price on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $188.85.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

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.

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