NRG Energy, Inc. $NRG is Wealth High Governance Capital Ltda’s 4th Largest Position

Wealth High Governance Capital Ltda lowered its position in NRG Energy, Inc. (NYSE:NRG) by 51.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,000 shares of the utilities provider’s stock after selling 128,000 shares during the period. NRG Energy makes up approximately 5.6% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 4th largest holding. Wealth High Governance Capital Ltda owned 0.06% of NRG Energy worth $19,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kennedy Capital Management LLC boosted its holdings in shares of NRG Energy by 43.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 72,022 shares of the utilities provider’s stock valued at $11,664,000 after acquiring an additional 21,954 shares during the last quarter. Advisory Research Inc. lifted its position in NRG Energy by 4.1% during the third quarter. Advisory Research Inc. now owns 10,524 shares of the utilities provider’s stock valued at $1,704,000 after purchasing an additional 414 shares during the period. Invesco Ltd. lifted its position in NRG Energy by 0.6% during the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after purchasing an additional 31,238 shares during the period. Seven Mile Advisory purchased a new stake in NRG Energy in the third quarter valued at $212,000. Finally, BOKF NA grew its position in NRG Energy by 3,714.3% during the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 12,383 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 79,147 shares of the company’s stock, valued at $12,391,254.32. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of NRG Energy stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the sale, the vice president directly owned 63,920 shares in the company, valued at $10,147,939.20. This represents a 41.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 172,556 shares of company stock worth $27,550,446. Insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NYSE NRG traded up $0.17 on Friday, hitting $152.27. The company had a trading volume of 217,082 shares, compared to its average volume of 2,599,403. The company has a market capitalization of $32.62 billion, a PE ratio of 38.67 and a beta of 1.26. The company’s fifty day moving average price is $159.27 and its 200-day moving average price is $161.60. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s dividend payout ratio is 48.22%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NRG. UBS Group initiated coverage on NRG Energy in a report on Tuesday, December 9th. They issued a “buy” rating and a $211.00 price objective for the company. Jefferies Financial Group lowered their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Wells Fargo & Company lifted their price target on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $153.00 price target on NRG Energy in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.33.

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.