VitalStone Financial LLC Sells 1,839 Shares of NRG Energy, Inc. (NYSE:NRG)

VitalStone Financial LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 42.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,494 shares of the utilities provider’s stock after selling 1,839 shares during the period. VitalStone Financial LLC’s holdings in NRG Energy were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NRG. Allspring Global Investments Holdings LLC lifted its position in NRG Energy by 885.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after buying an additional 213,347 shares in the last quarter. Quadrature Capital Ltd boosted its position in NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after purchasing an additional 13,040 shares during the last quarter. Cetera Investment Advisers grew its stake in NRG Energy by 104.5% in the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after purchasing an additional 37,750 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in NRG Energy during the fourth quarter worth $788,000. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NRG. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. BMO Capital Markets raised their target price on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Wells Fargo & Company increased their price target on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Finally, Guggenheim boosted their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, NRG Energy presently has an average rating of “Hold” and a consensus target price of $83.25.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated 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 sale, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Performance

NRG Energy stock opened at $90.26 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The stock has a market cap of $18.82 billion, a PE ratio of 12.71 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $40.10 and a 12-month high of $96.40. The business’s 50-day moving average price is $83.65 and its two-hundred day moving average price is $79.34.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion for 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 was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. As a group, analysts expect that NRG Energy, Inc. will post 5.51 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.81%. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

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.