NRG Energy, Inc. (NYSE:NRG) Shares Sold by SIR Capital Management L.P.

SIR Capital Management L.P. trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,295 shares of the utilities provider's stock after selling 77,335 shares during the period. NRG Energy accounts for approximately 1.6% of SIR Capital Management L.P.'s investment portfolio, making the stock its 23rd biggest holding. SIR Capital Management L.P. owned about 0.08% of NRG Energy worth $15,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its stake in shares of NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after purchasing an additional 7,500 shares during the last quarter. Northern Trust Corp raised its position in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after buying an additional 316,445 shares during the last quarter. Appaloosa LP raised its position in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after acquiring an additional 56,944 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after acquiring an additional 41,094 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NRG. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. 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, May 13th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Finally, Jefferies Financial Group increased their price target 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.75.

NRG Energy Stock Up 1.3%

Shares of NRG traded up $2.02 during midday trading on Monday, reaching $161.22. The stock had a trading volume of 2,826,803 shares, compared to its average volume of 3,031,088. The company's fifty day simple moving average is $107.30 and its two-hundred day simple moving average is $101.66. The company has a market cap 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, Inc. has a 1-year low of $65.11 and a 1-year high of $161.86. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results 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 business had revenue of $8.59 billion for 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 business's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. Equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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

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.