NRG Energy, Inc. $NRG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 49.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,197 shares of the utilities provider’s stock after selling 73,777 shares during the period. Nisa Investment Advisors LLC’s holdings in NRG Energy were worth $12,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NRG. Toth Financial Advisory Corp acquired a new position in shares of NRG Energy during the 2nd quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of NRG Energy during the 2nd quarter worth about $28,000. Fourth Dimension Wealth LLC purchased a new stake in NRG Energy during the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in NRG Energy in the second quarter valued at approximately $35,000. Finally, Kiker Wealth Management LLC purchased a new position in NRG Energy in the second quarter valued at approximately $37,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the transaction, the vice president owned 63,920 shares in the company, valued at approximately $10,147,939.20. This represents a 41.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Chung sold 12,383 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the completion of the sale, the chief financial officer owned 79,147 shares of the company’s stock, valued at $12,391,254.32. This trade represents a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 192,556 shares of company stock worth $30,826,846 over the last three months. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NRG shares. Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a report on Thursday, November 20th. Weiss Ratings reissued a “buy (b)” rating on shares of NRG Energy in a research report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. UBS Group started coverage on NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.21.

NRG Energy Trading Up 4.2%

NYSE NRG opened at $149.61 on Friday. The firm’s fifty day moving average is $162.87 and its two-hundred day moving average is $160.24. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $180.54. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05. The firm has a market cap of $28.67 billion, a PE ratio of 22.36 and a beta of 1.25.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.85. The business had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy announced that its Board of Directors has approved a share buyback plan on Thursday, November 6th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. NRG Energy’s payout ratio is presently 26.31%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.