Holocene Advisors LP Has $47.72 Million Position in NRG Energy, Inc. $NRG

Holocene Advisors LP cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 79.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 294,626 shares of the utilities provider’s stock after selling 1,149,645 shares during the quarter. Holocene Advisors LP owned about 0.15% of NRG Energy worth $47,715,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of NRG Energy by 0.6% in the 3rd 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. Ameriprise Financial Inc. grew its stake in shares of NRG Energy by 42.7% during the third quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock worth $221,671,000 after purchasing an additional 409,776 shares during the period. Schroder Investment Management Group lifted its stake in NRG Energy by 7.6% in the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after buying an additional 86,528 shares during the period. Legal & General Group Plc lifted its stake in NRG Energy by 2.1% in the second quarter. Legal & General Group Plc now owns 975,218 shares of the utilities provider’s stock valued at $156,601,000 after buying an additional 19,997 shares during the period. Finally, UBS Group AG boosted its holdings in NRG Energy by 47.8% during the third quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock worth $155,307,000 after buying an additional 309,989 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research report on Tuesday, February 17th. Weiss Ratings cut shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 target price for the company. Finally, Jefferies Financial Group cut their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.33.

Insider Transactions at NRG Energy

In other 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 value 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 approximately $12,391,254.32. This represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 45,000 shares of the firm’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 directly owned 63,920 shares of the company’s stock, valued at $10,147,939.20. This represents a 41.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,556 shares of company stock worth $27,550,446 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Trading Down 0.1%

NRG Energy stock opened at $152.66 on Tuesday. The company has a market cap of $32.70 billion, a price-to-earnings ratio of 38.75 and a beta of 1.26. The firm has a 50-day moving average of $158.83 and a 200-day moving average of $161.89. 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 one year low of $79.57 and a one year high of $189.96.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm posted $1.56 EPS. NRG Energy’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

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

NRG Energy Profile

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.