Gotham Asset Management LLC Sells 103,843 Shares of NRG Energy, Inc. $NRG

Gotham Asset Management LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 32.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216,402 shares of the utilities provider’s stock after selling 103,843 shares during the period. Gotham Asset Management LLC’s holdings in NRG Energy were worth $35,046,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fred Alger Management LLC lifted its stake in NRG Energy by 865.7% in the third quarter. Fred Alger Management LLC now owns 476,760 shares of the utilities provider’s stock worth $77,211,000 after purchasing an additional 427,390 shares during the last quarter. Fort Point Capital Partners LLC boosted its position in NRG Energy by 3.6% during the third quarter. Fort Point Capital Partners LLC now owns 6,172 shares of the utilities provider’s stock valued at $1,000,000 after buying an additional 214 shares during the period. Elevation Point Wealth Partners LLC grew its stake in shares of NRG Energy by 4,494.7% during the third quarter. Elevation Point Wealth Partners LLC now owns 6,984 shares of the utilities provider’s stock valued at $1,131,000 after buying an additional 6,832 shares during the last quarter. Consolidated Press International Holdings Ltd. purchased a new position in shares of NRG Energy in the third quarter worth about $98,360,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of NRG Energy in the third quarter worth about $491,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In other news, VP Brian Curci sold 46,976 shares of NRG Energy stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total transaction of $7,461,667.84. Following the sale, the vice president owned 46,113 shares of the company’s stock, valued at approximately $7,324,588.92. The trade was a 50.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the transaction, the vice president owned 63,920 shares in the company, valued at $10,147,939.20. This represents a 41.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 172,556 shares of company stock valued at $27,550,446. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NRG. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Morgan Stanley set a $153.00 price target on NRG Energy in a research note on Tuesday, February 17th. Raymond James Financial reiterated a “strong-buy” rating and issued a $225.00 price objective on shares of NRG Energy in a research report on Monday, February 23rd. Jefferies Financial Group dropped their price objective on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.33.

NRG Energy Price Performance

NRG opened at $152.75 on Monday. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. The stock has a market capitalization of $32.72 billion, a PE ratio of 38.77 and a beta of 1.26. The stock’s 50 day moving average price is $159.01 and its 200-day moving average price is $161.86. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The business had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. On average, equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a $0.475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s dividend payout ratio is 48.22%.

NRG Energy Company 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.