WEALTHFRONT Corp Cuts Position in NRG Energy Inc (NRG)

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WEALTHFRONT Corp lessened its holdings in NRG Energy Inc (NYSE:NRG) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,953 shares of the utilities provider’s stock after selling 2,584 shares during the quarter. WEALTHFRONT Corp’s holdings in NRG Energy were worth $933,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NRG. Principal Financial Group Inc. increased its holdings in NRG Energy by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 470,068 shares of the utilities provider’s stock worth $14,351,000 after buying an additional 11,805 shares during the period. Cornerstone Wealth Management LLC acquired a new position in NRG Energy in the 2nd quarter worth approximately $497,000. Raymond James Financial Services Advisors Inc. increased its holdings in NRG Energy by 4.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,752 shares of the utilities provider’s stock worth $1,435,000 after buying an additional 1,954 shares during the period. Commonwealth Equity Services LLC increased its holdings in NRG Energy by 18.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock worth $375,000 after buying an additional 1,900 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in NRG Energy by 23.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,012 shares of the utilities provider’s stock worth $461,000 after buying an additional 2,840 shares during the period. Institutional investors own 97.51% of the company’s stock.

In related news, EVP Christopher Moser sold 43,975 shares of NRG Energy stock in a transaction on Monday, September 10th. The shares were sold at an average price of $35.11, for a total value of $1,543,962.25. Following the sale, the executive vice president now owns 61,075 shares of the company’s stock, valued at approximately $2,144,343.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth R. Killinger sold 24,600 shares of NRG Energy stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the completion of the sale, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. SunTrust Banks raised their price objective on shares of NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. Macquarie raised their price objective on shares of NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Bank of America raised their price objective on shares of NRG Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.17.

Shares of NYSE NRG opened at $40.53 on Friday. The company has a market cap of $11.76 billion, a PE ratio of 37.18 and a beta of 1.05. NRG Energy Inc has a 12 month low of $23.75 and a 12 month high of $41.29. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.42 and a current ratio of 1.57.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.04 billion. NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. NRG Energy’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. As a group, analysts forecast that NRG Energy Inc will post 3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. NRG Energy’s payout ratio is 11.01%.

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NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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