Jacobs Levy Equity Management Inc. Decreases Stake in NRG Energy, Inc. (NYSE:NRG)

Jacobs Levy Equity Management Inc. cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,282,280 shares of the utilities provider's stock after selling 381,161 shares during the quarter. NRG Energy makes up approximately 0.7% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 27th largest holding. Jacobs Levy Equity Management Inc. owned about 1.13% of NRG Energy worth $205,907,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Banco Santander S.A. boosted its position in NRG Energy by 0.3% during the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock valued at $255,142,000 after acquiring an additional 7,500 shares in the last quarter. Northern Trust Corp boosted its position in shares of NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Appaloosa LP boosted its position in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of NRG Energy by 1,010.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after purchasing an additional 1,417,057 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of NRG Energy by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 2.3%

NYSE:NRG traded down $3.62 during trading hours on Wednesday, reaching $153.09. 6,346,483 shares of the company traded hands, compared to its average volume of 3,012,705. The business's 50-day moving average price is $103.10 and its two-hundred day moving average price is $100.03. The stock has a market capitalization of $31.18 billion, a P/E ratio of 38.46, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $158.66. 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 (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 earnings per share. Analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NRG shares. Morgan Stanley lifted their price target on 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 lifted their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday. Guggenheim lifted their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

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.