Metis Global Partners LLC Trims Holdings in NRG Energy, Inc. (NYSE:NRG)

Metis Global Partners LLC lessened its position in NRG Energy, Inc. (NYSE:NRGFree Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,315 shares of the utilities provider’s stock after selling 1,003 shares during the period. Metis Global Partners LLC’s holdings in NRG Energy were worth $688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NRG. CENTRAL TRUST Co lifted its stake in shares of 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 purchasing an additional 734 shares during the period. Blue Trust Inc. boosted its stake in NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after buying an additional 226 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of NRG Energy during the 3rd quarter valued at about $41,000. Harvest Fund Management Co. Ltd acquired a new position in shares of NRG Energy during the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC purchased a new position in shares of NRG Energy during the 4th quarter worth about $106,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG opened at $81.76 on Friday. NRG Energy, Inc. has a twelve month low of $30.62 and a twelve month high of $83.03. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of -76.41 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. The company has a fifty day simple moving average of $69.28 and a 200 day simple moving average of $56.34.

NRG Energy (NYSE:NRGGet Free Report) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.51 billion. Equities research analysts expect that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 1.99%. NRG Energy’s dividend payout ratio is presently -152.34%.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NRG shares. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lifted their price objective on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. BMO Capital Markets lifted their price target on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.25.

View Our Latest Analysis on NRG Energy

About NRG Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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