NRG Energy, Inc. (NYSE:NRG) Shares Sold by Investors Research Corp

Investors Research Corp trimmed its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,456 shares of the utilities provider's stock after selling 14,864 shares during the period. Investors Research Corp's holdings in NRG Energy were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NRG. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 156,974 shares during the last quarter. Permian Investment Partners LP increased its position in shares of NRG Energy by 1.4% during the first 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 lifted its holdings in shares of NRG Energy by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 5,142,403 shares of the utilities provider's stock valued at $177,483,000 after purchasing an additional 64,942 shares during the last quarter. Barclays PLC grew its stake in NRG Energy by 25.7% during the 2nd quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider's stock worth $162,899,000 after buying an additional 891,443 shares during the last quarter. Finally, Northern Trust Corp increased its position in NRG Energy by 8.9% during the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider's stock valued at $92,502,000 after buying an additional 197,122 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In other 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 sale, the vice president now directly owns 356,962 shares of the company's stock, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.

NRG Energy Trading Up 2.2 %

Shares of NRG traded up $1.59 during mid-day trading on Tuesday, reaching $74.54. The stock had a trading volume of 3,123,509 shares, compared to its average volume of 3,686,661. 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 business's fifty day moving average is $61.62 and its 200 day moving average is $52.27. NRG Energy, Inc. has a 52-week low of $30.52 and a 52-week high of $76.54. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of -68.19 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. On average, sell-side analysts predict that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.19%. 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 -152.34%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NRG. StockNews.com raised shares of NRG Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 6th. BMO Capital Markets raised their price target on shares of NRG Energy from $58.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 29th. TheStreet raised NRG Energy from a "c+" rating to a "b" rating in a report on Friday, December 29th. Wells Fargo & Company increased their price target on shares of NRG Energy from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, March 25th. Finally, Morgan Stanley boosted their price objective on NRG Energy from $51.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $59.50.

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.