Yousif Capital Management LLC Has $1.85 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Yousif Capital Management LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 35,836 shares of the utilities provider’s stock after selling 1,304 shares during the period. Yousif Capital Management LLC’s holdings in NRG Energy were worth $1,853,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NRG. Authentikos Wealth Advisory LLC acquired a new position in NRG Energy during the 3rd quarter worth approximately $41,000. CENTRAL TRUST Co boosted its position in NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. raised its stake in shares of NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of NRG Energy during the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC bought a new stake in shares of NRG Energy during the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets upped their price objective on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Wells Fargo & Company upped their price objective on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Morgan Stanley upped their price objective on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 26th. Finally, 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 research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of “Hold” and a consensus price target of $59.50.

Insiders Place Their Bets

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 transaction of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

NRG Energy Stock Up 1.4 %

NRG opened at $73.66 on Thursday. NRG Energy, Inc. has a 1-year low of $30.52 and a 1-year high of $76.54. The stock’s fifty day simple moving average is $66.03 and its 200 day simple moving average is $54.82. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. The stock has a market cap of $15.82 billion, a PE ratio of -68.84 and a beta of 1.13.

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

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s payout ratio is -152.34%.

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.