Gotham Asset Management LLC Sells 120,628 Shares of NRG Energy, Inc. (NYSE:NRG)

Gotham Asset Management LLC reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 25.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 358,712 shares of the utilities provider's stock after selling 120,628 shares during the period. NRG Energy accounts for about 0.3% of Gotham Asset Management LLC's holdings, making the stock its 19th biggest holding. Gotham Asset Management LLC owned 0.18% of NRG Energy worth $32,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NRG. Meyer Handelman Co. boosted its stake in shares of NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after acquiring an additional 24,062 shares during the last quarter. Affinity Wealth Management LLC boosted its holdings in NRG Energy by 7.8% in the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock valued at $3,857,000 after acquiring an additional 3,084 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in NRG Energy in the 4th quarter valued at $2,418,000. SBI Securities Co. Ltd. acquired a new stake in NRG Energy in the 4th quarter valued at $32,000. Finally, LVM Capital Management Ltd. MI acquired a new stake in NRG Energy in the 4th quarter valued at $616,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 2.2%

Shares of NRG Energy stock traded up $3.35 on Tuesday, hitting $153.96. The company had a trading volume of 1,197,213 shares, compared to its average volume of 2,981,576. The firm has a market capitalization of $31.36 billion, a P/E ratio of 38.67, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $155.37. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a 50-day moving average of $100.49 and a 200-day moving average of $99.27.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.68 EPS for the quarter, topping the consensus estimate of $0.72 by $1.96. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm's revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. Research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.14%. NRG Energy's dividend payout ratio is 35.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NRG shares. Morgan Stanley upped their price objective 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. Wells Fargo & Company raised their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim upped their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.38.

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.