Hussman Strategic Advisors Inc. Has $3.21 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Hussman Strategic Advisors Inc. decreased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,000 shares of the utilities provider's stock after selling 66,000 shares during the period. Hussman Strategic Advisors Inc.'s holdings in NRG Energy were worth $3,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. Coppell Advisory Solutions Corp. acquired a new position in shares of NRG Energy during the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of NRG Energy during the second quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. raised its position in shares of NRG Energy by 4,030.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider's stock valued at $39,000 after buying an additional 1,209 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of NRG Energy during the third quarter valued at about $41,000. Finally, CENTRAL TRUST Co raised its position in shares of NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider's stock valued at $42,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the firm'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 transaction, the vice president now directly owns 356,962 shares of the company's stock, valued at $22,342,251.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of NRG Energy from $55.00 to $65.00 and gave the stock an "in-line" rating in a research report on Monday, March 18th. 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 research report on Monday, March 25th. TheStreet raised shares of NRG Energy from a "c+" rating to a "b" rating in a research report on Friday, December 29th. BMO Capital Markets increased 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. Finally, Morgan Stanley raised their price objective 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, NRG Energy has a consensus rating of "Hold" and a consensus target price of $59.50.

NRG Energy Price Performance

Shares of NRG traded down $0.55 during mid-day trading on Friday, hitting $69.97. 3,987,098 shares of the company traded hands, compared to its average volume of 3,477,181. NRG Energy, Inc. has a one year low of $30.52 and a one year high of $76.54. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. The business has a 50-day moving average of $63.16 and a 200 day moving average of $53.23. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of -65.39 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.51 billion. As a group, equities analysts expect that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.33%. NRG Energy's payout ratio is presently -152.34%.

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.