Man Group plc Sells 1,033,596 Shares of NRG Energy, Inc. (NYSE:NRG)

Man Group plc trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 74.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,475 shares of the utilities provider's stock after selling 1,033,596 shares during the quarter. Man Group plc owned 0.17% of NRG Energy worth $31,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NRG. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the fourth quarter worth $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares during the period. Mizuho Bank Ltd. purchased a new position in NRG Energy in the fourth quarter valued at about $41,000. Princeton Global Asset Management LLC raised its holdings in NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on NRG. Guggenheim lifted their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Price Performance

Shares of NRG stock traded up $2.02 during trading hours on Monday, hitting $161.22. The company had a trading volume of 2,826,803 shares, compared to its average volume of 3,031,088. The firm's fifty day moving average is $105.92 and its 200 day moving average is $101.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $161.86. The firm has a market capitalization of $31.52 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 1.01 and a beta of 1.00.

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

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is 28.39%.

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.