Gabelli Funds LLC Has $6.60 Million Holdings in NRG Energy, Inc. $NRG

Gabelli Funds LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 15.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,767 shares of the utilities provider’s stock after selling 7,280 shares during the period. Gabelli Funds LLC’s holdings in NRG Energy were worth $6,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC lifted its holdings in NRG Energy by 3.0% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 65 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in NRG Energy by 5.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after buying an additional 67 shares in the last quarter. Golden State Equity Partners increased its position in NRG Energy by 4.7% during the 3rd quarter. Golden State Equity Partners now owns 1,589 shares of the utilities provider’s stock worth $257,000 after buying an additional 72 shares during the period. Zions Bancorporation National Association UT lifted its holdings in shares of NRG Energy by 19.8% during the third quarter. Zions Bancorporation National Association UT now owns 459 shares of the utilities provider’s stock worth $74,000 after buying an additional 76 shares in the last quarter. Finally, Optivise Advisory Services LLC boosted its position in shares of NRG Energy by 5.1% in the third quarter. Optivise Advisory Services LLC now owns 1,670 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 81 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president owned 63,920 shares of the company’s stock, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian Curci sold 60,580 shares of NRG Energy stock in a transaction on Monday, January 5th. The stock was sold at an average price of $161.71, for a total transaction of $9,796,391.80. Following the transaction, the vice president owned 93,089 shares in the company, valued at approximately $15,053,422.19. This trade represents a 39.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 172,556 shares of company stock worth $27,550,446. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Morgan Stanley set a $153.00 price objective on shares of NRG Energy in a report on Tuesday, February 17th. UBS Group started coverage on shares of NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, Evercore initiated coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target for the company. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.33.

NRG Energy Price Performance

NRG Energy stock opened at $155.44 on Tuesday. The stock has a 50-day moving average price of $159.73 and a two-hundred day moving average price of $161.69. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $189.96. The company has a market capitalization of $33.30 billion, a PE ratio of 39.45 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

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