Venture Visionary Partners LLC Sells 14,908 Shares of NRG Energy, Inc. $NRG

Key Points

• Venture Visionary Partners LLC significantly reduced its stake in NRG Energy, Inc. by 76.3%, selling 14,908 shares, leaving them with 4,623 shares valued at approximately $742,000.
• Institutional investors hold a dominant 97.72% of NRG Energy's stock, with notable increases in stakes from firms like Goldman Sachs (468.4% increase) and Amundi (772.5% increase) during the first quarter.
• NRG Energy announced a quarterly dividend of $0.44, representing an annualized dividend yield of 1.1%, with a dividend payout ratio of 79.64% as reported during their latest earnings announcement.

Venture Visionary Partners LLC reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 76.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,623 shares of the utilities provider's stock after selling 14,908 shares during the period. Venture Visionary Partners LLC's holdings in NRG Energy were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after purchasing an additional 6,049,247 shares during the period. Amundi grew its position in NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after acquiring an additional 3,876,235 shares during the period. Boston Partners raised its stake in NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after acquiring an additional 1,771,829 shares in the last quarter. Nuveen LLC bought a new position in shares of NRG Energy during the first quarter valued at $93,075,000. Finally, Alliancebernstein L.P. grew its holdings in shares of NRG Energy by 289.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider's stock worth $97,672,000 after purchasing an additional 760,201 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NRG. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays boosted their target price on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Raymond James Financial began coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. Scotiabank initiated coverage on NRG Energy in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price objective on the stock. Finally, BMO Capital Markets raised 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Price Performance

NRG Energy stock opened at $161.85 on Wednesday. The stock has a market cap of $31.31 billion, a price-to-earnings ratio of 73.24, a P/E/G ratio of 1.35 and a beta of 1.17. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The business's 50-day simple moving average is $156.73 and its 200 day simple moving average is $139.68.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The business 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 firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $3.37 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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