TFB Advisors LLC Sells 1,554 Shares of NRG Energy, Inc. $NRG

Key Points

• TFB Advisors LLC has reduced its holdings in NRG Energy, Inc. by 25.4%, selling 1,554 shares and now owning a total of 4,560 shares worth $732,000.
• Institutional investors and hedge funds own 97.72% of NRG Energy's stock, and several have initiated new positions during the second quarter, including Toth Financial Advisory Corp and Kiker Wealth Management LLC.
• Analysts have shown a positive outlook for NRG Energy, with a consensus rating of "Moderate Buy" and a price target around $193.92.

TFB Advisors LLC trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,560 shares of the utilities provider's stock after selling 1,554 shares during the quarter. TFB Advisors LLC's holdings in NRG Energy were worth $732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in NRG Energy in the 2nd quarter valued at about $27,000. Kiker Wealth Management LLC acquired a new position in NRG Energy in the 2nd quarter valued at about $37,000. ORG Partners LLC grew its stake in NRG Energy by 422.2% in the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after buying an additional 228 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in NRG Energy in the 1st quarter valued at about $28,000. Finally, Key Financial Inc acquired a new position in NRG Energy in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NRG. Scotiabank began coverage on shares of NRG Energy in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price target on the stock. Zacks Research raised shares of NRG Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Melius initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $198.00 target price on shares of NRG Energy in a report on Monday. Finally, Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.92.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is owned by company insiders.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $163.54 on Wednesday. The company's 50 day simple moving average is $158.51 and its 200 day simple moving average is $146.89. The stock has a market capitalization of $31.63 billion, a price-to-earnings ratio of 74.00 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96.

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). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $3.37 earnings per share. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy's dividend payout ratio (DPR) is 79.64%.

NRG Energy Company 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.

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