LSV Asset Management Cuts Stock Position in NRG Energy, Inc. (NYSE:NRG)

LSV Asset Management lowered its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,800,622 shares of the utilities provider's stock after selling 947,088 shares during the period. LSV Asset Management owned 2.13% of NRG Energy worth $248,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew 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 buying an additional 156,974 shares during the last quarter. Northern Trust Corp lifted its position in NRG Energy by 8.9% in the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider's stock valued at $92,502,000 after acquiring an additional 197,122 shares in the last quarter. Hsbc Holdings PLC lifted its position in NRG Energy by 105.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider's stock valued at $51,642,000 after acquiring an additional 689,941 shares in the last quarter. Rubric Capital Management LP lifted its position in NRG Energy by 91.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider's stock valued at $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Maven Securities LTD lifted its position in NRG Energy by 72.5% in the 3rd quarter. Maven Securities LTD now owns 1,037,284 shares of the utilities provider's stock valued at $39,956,000 after acquiring an additional 436,046 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Buying and Selling

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction on Thursday, March 14th. The stock was 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 owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

NRG Energy stock traded up $1.52 during trading on Friday, reaching $76.65. The company had a trading volume of 4,253,129 shares, compared to its average volume of 3,201,576. NRG Energy, Inc. has a 52 week low of $30.52 and a 52 week high of $77.68. The firm's 50-day simple moving average is $67.43 and its 200 day simple moving average is $55.43. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of -71.63 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS 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 company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $7.51 billion. Sell-side analysts forecast that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued 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 2.13%. NRG Energy's dividend payout ratio is currently -152.34%.

Analyst Ratings Changes

Several research firms recently issued reports on NRG. Morgan Stanley upped 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. BMO Capital Markets upped their price objective 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. Evercore ISI increased their price target on NRG Energy from $55.00 to $65.00 and gave the company an "in-line" rating in a report on Monday, March 18th. Citigroup increased their price target on NRG Energy from $52.00 to $62.00 and gave the company a "buy" rating in a report on Friday, March 1st. Finally, Wells Fargo & Company increased their price target on NRG Energy from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.