NRG Energy, Inc. $NRG Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 27.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,322 shares of the utilities provider’s stock after selling 7,499 shares during the quarter. Vinva Investment Management Ltd’s holdings in NRG Energy were worth $3,360,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in NRG Energy by 209.1% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 10,200 shares of the utilities provider’s stock valued at $1,652,000 after acquiring an additional 6,900 shares during the period. Korea Investment CORP boosted its position in NRG Energy by 13.4% during the 3rd quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after purchasing an additional 32,672 shares during the period. Legacy Capital Group California Inc. increased its position in NRG Energy by 7.6% in the third quarter. Legacy Capital Group California Inc. now owns 6,498 shares of the utilities provider’s stock worth $1,052,000 after buying an additional 459 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in NRG Energy in the third quarter valued at $1,360,000. Finally, Sunpointe LLC bought a new position in shares of NRG Energy during the third quarter worth about $951,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG opened at $155.44 on Tuesday. The firm has a market capitalization of $33.30 billion, a PE ratio of 39.45 and a beta of 1.26. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. The firm has a 50-day moving average price of $159.73 and a 200 day moving average price of $161.69. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $189.96.

NRG Energy (NYSE:NRG) last released 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 company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.475 per share. 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. This represents a $1.90 annualized dividend and a yield of 1.2%. NRG Energy’s dividend payout ratio is presently 48.22%.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the sale, the vice president directly owned 63,920 shares in the company, valued at $10,147,939.20. This represents a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total value of $1,938,682.48. Following the transaction, the chief financial officer directly owned 79,147 shares of the company’s stock, valued at approximately $12,391,254.32. The trade was a 13.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 172,556 shares of company stock worth $27,550,446 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group initiated coverage on shares of NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price for the company. Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research note on Tuesday, February 17th. Weiss Ratings cut NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Wells Fargo & Company boosted their price objective on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday. They issued a “buy” rating and a $197.00 target price on the stock. 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $196.33.

About NRG Energy

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.