Yousif Capital Management LLC Sells 1,988 Shares of NRG Energy, Inc. $NRG

Key Points

• Yousif Capital Management LLC reduced its stake in NRG Energy by 6.2%, now holding 30,013 shares worth $4.8 million after selling 1,988 shares in the second quarter.
• NRG Energy declared a quarterly dividend of $0.44 per share, which reflects an annualized dividend yield of 1.1% and a dividend payout ratio of 79.64% as of the last filing.
• According to analysts, NRG Energy's stock has a current average price target of $188.85, with ratings ranging from "Strong Buy" to "Hold" from various equity research firms.

Yousif Capital Management LLC trimmed its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,013 shares of the utilities provider's stock after selling 1,988 shares during the period. Yousif Capital Management LLC's holdings in NRG Energy were worth $4,819,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. MGO One Seven LLC grew its holdings in shares of NRG Energy by 46.1% during the second quarter. MGO One Seven LLC now owns 5,137 shares of the utilities provider's stock worth $825,000 after purchasing an additional 1,621 shares during the last quarter. RHS Financial LLC bought a new stake in shares of NRG Energy during the second quarter worth $281,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of NRG Energy by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,595 shares of the utilities provider's stock worth $5,074,000 after purchasing an additional 6,670 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of NRG Energy by 2.0% during the second quarter. Aberdeen Group plc now owns 170,840 shares of the utilities provider's stock worth $27,433,000 after purchasing an additional 3,311 shares during the last quarter. Finally, Zullo Investment Group Inc. acquired a new position in shares of NRG Energy during the second quarter valued at $266,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 1.8%

NYSE NRG opened at $165.69 on Wednesday. The firm has a market cap of $32.05 billion, a P/E ratio of 74.97, a P/E/G ratio of 1.36 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. The stock's 50-day moving average is $156.96 and its 200-day moving average is $144.34. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96.

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

NRG Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NRG shares. Barclays upped their price target on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets upped their price target 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. Scotiabank started coverage on NRG Energy in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price target on the stock. Finally, Melius initiated coverage on NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $188.85.

Insider Activity at NRG Energy

In related 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 transaction of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.

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