Maven Securities LTD trimmed its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 75.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,033 shares of the utilities provider's stock after selling 18,967 shares during the period. Maven Securities LTD's holdings in NRG Energy were worth $544,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Schechter Investment Advisors LLC grew its position in NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after purchasing an additional 120 shares during the last quarter. Mather Group LLC. grew its position in NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after purchasing an additional 125 shares during the last quarter. Grove Bank & Trust grew its position in NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares during the last quarter. Hanseatic Management Services Inc. grew its position in NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after purchasing an additional 133 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its position in NRG Energy by 3.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock worth $406,000 after purchasing an additional 137 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NRG. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Guggenheim raised their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.
Read Our Latest Stock Analysis on NRG
NRG Energy Stock Performance
Shares of NRG stock traded up $4.16 during mid-day trading on Friday, hitting $159.18. The stock had a trading volume of 6,988,223 shares, compared to its average volume of 3,031,227. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $159.24. The firm has a market cap of $32.42 billion, a PE ratio of 40.00, a PEG ratio of 1.01 and a beta of 1.00. 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 company's 50-day simple moving average is $105.92 and its 200-day simple moving average is $100.98.
NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $2.31 earnings per share. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.
NRG Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.
NRG Energy Profile
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Free Report)
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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