Fairvoy Private Wealth LLC Lowers Stake in NRG Energy, Inc. $NRG

Fairvoy Private Wealth LLC cut its stake in NRG Energy, Inc. (NYSE:NRG) by 25.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,001 shares of the utilities provider’s stock after selling 4,395 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in NRG Energy were worth $2,106,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Daymark Wealth Partners LLC grew its stake in NRG Energy by 2.2% in the second quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after purchasing an additional 64 shares during the last quarter. Donald L. Hagan LLC boosted its holdings in shares of NRG Energy by 2.0% in the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after buying an additional 66 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of NRG Energy by 6.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock worth $231,000 after buying an additional 84 shares during the last quarter. Zions Bancorporation National Association UT raised its stake in shares of NRG Energy by 32.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 93 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in NRG Energy by 2.2% during the third quarter. Venture Visionary Partners LLC now owns 4,725 shares of the utilities provider’s stock valued at $765,000 after acquiring an additional 102 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $156.12 on Friday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54. The company’s 50 day moving average is $166.38 and its 200 day moving average is $159.77. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45. The company has a market cap of $29.92 billion, a PE ratio of 23.34 and a beta of 1.26.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, beating the consensus estimate of $1.93 by $0.85. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 EPS. On average, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy declared that its Board of Directors has initiated a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the utilities provider to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 3rd. NRG Energy’s dividend payout ratio is presently 26.31%.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the transaction, the vice president owned 43,191 shares in the company, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NRG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research report on Monday. Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target for the company. Wells Fargo & Company raised NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Zacks Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Morgan Stanley reiterated an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.21.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.