NRG Energy, Inc. (NYSE:NRG) is Beck Bode LLC's Largest Position

Beck Bode LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,560 shares of the utilities provider's stock after selling 10,403 shares during the period. NRG Energy comprises about 3.2% of Beck Bode LLC's portfolio, making the stock its largest holding. Beck Bode LLC owned 0.12% of NRG Energy worth $14,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Czech National Bank increased its stake in NRG Energy by 46.9% during the 3rd quarter. Czech National Bank now owns 40,045 shares of the utilities provider's stock worth $1,543,000 after buying an additional 12,791 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in NRG Energy by 0.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 91,313 shares of the utilities provider's stock worth $3,517,000 after buying an additional 780 shares in the last quarter. Simplicity Solutions LLC increased its stake in NRG Energy by 8.8% during the 3rd quarter. Simplicity Solutions LLC now owns 10,419 shares of the utilities provider's stock worth $401,000 after buying an additional 840 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in NRG Energy by 5.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,505 shares of the utilities provider's stock worth $1,676,000 after buying an additional 2,394 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in NRG Energy by 15.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 6,400 shares of the utilities provider's stock worth $247,000 after buying an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets upped their price target on NRG Energy from $58.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 29th. Citigroup upped their price target on NRG Energy from $52.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Morgan Stanley upped their price target 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. Wells Fargo & Company upped their price target on NRG Energy from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, March 25th. Finally, Evercore ISI upped their price target on NRG Energy from $55.00 to $65.00 and gave the company an "in-line" rating in a research report on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, NRG Energy has a consensus rating of "Hold" and a consensus target price of $59.50.

NRG Energy Stock Down 1.2 %

Shares of NRG Energy stock traded down $0.87 during trading hours on Tuesday, reaching $72.67. 2,848,442 shares of the company were exchanged, compared to its average volume of 3,600,988. NRG Energy, Inc. has a 1 year low of $30.52 and a 1 year high of $76.54. The stock's fifty day moving average is $65.61 and its 200 day moving average is $54.60. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market cap of $15.60 billion, a PE ratio of -67.92 and a beta of 1.13.

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

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, April 30th. NRG Energy's dividend payout ratio is currently -152.34%.

Insider Transactions at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now owns 356,962 shares of the company's stock, valued at $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

About NRG Energy

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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