Focus Partners Wealth Decreases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Focus Partners Wealth decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,776 shares of the utilities provider's stock after selling 143,822 shares during the period. Focus Partners Wealth's holdings in NRG Energy were worth $4,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NRG. SBI Securities Co. Ltd. bought a new position in NRG Energy in the 4th quarter valued at approximately $32,000. UMB Bank n.a. increased its position in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 228 shares during the period. Mizuho Bank Ltd. acquired a new position in NRG Energy in the 4th quarter valued at approximately $41,000. Princeton Global Asset Management LLC increased its position in NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC increased its position in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 347 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 2.7%

Shares of NRG traded up $4.16 during mid-day trading on Friday, reaching $159.18. The company's stock had a trading volume of 6,988,223 shares, compared to its average volume of 3,031,700. The stock has a market cap of $32.42 billion, a PE ratio of 40.00, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $159.24. The company's fifty day moving average price is $105.92 and its two-hundred day moving average price is $101.07.

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

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's payout ratio is 28.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Guggenheim upped their price target on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.75.

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.