Mirae Asset Global Investments Co. Ltd. Sells 11,107 Shares of NRG Energy, Inc. (NYSE:NRG)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,387 shares of the utilities provider's stock after selling 11,107 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of NRG Energy worth $6,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NRG. Charles Schwab Investment Management Inc. lifted its stake in shares of NRG Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider's stock worth $220,696,000 after acquiring an additional 156,974 shares during the period. Permian Investment Partners LP raised its holdings in shares of NRG Energy by 1.4% in the 1st quarter. Permian Investment Partners LP now owns 5,326,801 shares of the utilities provider's stock worth $204,336,000 after purchasing an additional 73,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NRG Energy by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 5,142,403 shares of the utilities provider's stock worth $177,483,000 after purchasing an additional 64,942 shares in the last quarter. Barclays PLC raised its holdings in shares of NRG Energy by 25.7% in the 2nd quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider's stock worth $162,899,000 after purchasing an additional 891,443 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of NRG Energy by 8.9% in the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider's stock worth $92,502,000 after purchasing an additional 197,122 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Down 1.3 %

NRG Energy stock traded down $0.97 during trading hours on Monday, hitting $72.96. The company had a trading volume of 3,902,236 shares, compared to its average volume of 3,694,494. The firm has a market capitalization of $15.67 billion, a P/E ratio of -70.09 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96. The firm's fifty day moving average is $61.23 and its 200-day moving average is $52.02. NRG Energy, Inc. has a fifty-two week low of $30.52 and a fifty-two week high of $76.54.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.20. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. On average, research analysts forecast that NRG Energy, Inc. will post 5.36 earnings per share for the current year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a positive change from NRG Energy's previous quarterly dividend of $0.38. NRG Energy's dividend payout ratio is currently -152.34%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NRG shares. StockNews.com upgraded shares of NRG Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. BMO Capital Markets boosted their target price on shares of NRG Energy from $58.00 to $59.00 and gave the stock a "market perform" rating in a report on Thursday, February 29th. Citigroup boosted their target price on shares of NRG Energy from $52.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Morgan Stanley boosted their target price on shares of NRG Energy from $51.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 26th. Finally, Evercore ISI boosted their price target on shares of NRG Energy from $55.00 to $65.00 and gave the company an "in-line" rating in a report on Monday, March 18th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, NRG Energy has a consensus rating of "Hold" and a consensus price target of $59.50.

Insiders Place Their Bets

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now directly owns 356,962 shares of the company's stock, valued at $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

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.