Affinity Investment Advisors LLC Sells 154 Shares of NRG Energy, Inc. (NYSE:NRG)

Affinity Investment Advisors LLC reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 3.9% during the third quarter, HoldingsChannel.com reports. The fund owned 3,789 shares of the utilities provider’s stock after selling 154 shares during the quarter. Affinity Investment Advisors LLC’s holdings in NRG Energy were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. Rothschild Investment LLC purchased a new stake in shares of NRG Energy in the second quarter worth about $32,000. First Horizon Advisors Inc. boosted its position in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of NRG Energy in the first quarter valued at $36,000. Innealta Capital LLC purchased a new stake in NRG Energy during the second quarter valued at $36,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy during the third quarter valued at $36,000. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the topic of a number of research reports. Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price objective on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Citigroup raised their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.75.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $86.72 on Friday. NRG Energy, Inc. has a 52 week low of $41.73 and a 52 week high of $96.40. The company has a market capitalization of $17.90 billion, a PE ratio of 9.45 and a beta of 1.10. The stock’s fifty day moving average is $86.24 and its two-hundred day moving average is $80.95. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts expect that NRG Energy, Inc. will post 6.09 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.88%. NRG Energy’s payout ratio is 17.76%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

About NRG Energy

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.