Wilmington Savings Fund Society FSB Trims Stock Position in NRG Energy, Inc. $NRG

Wilmington Savings Fund Society FSB lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,284 shares of the utilities provider’s stock after selling 328 shares during the period. Wilmington Savings Fund Society FSB’s holdings in NRG Energy were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Morningstar Investment Management LLC purchased a new position in shares of NRG Energy during the second quarter worth $244,000. Kiker Wealth Management LLC acquired a new stake in NRG Energy during the second quarter valued at $37,000. Moran Wealth Management LLC grew its position in NRG Energy by 11.2% during the second quarter. Moran Wealth Management LLC now owns 2,653 shares of the utilities provider’s stock valued at $426,000 after buying an additional 268 shares during the period. MGO One Seven LLC grew its position in NRG Energy by 46.1% during the second quarter. MGO One Seven LLC now owns 5,137 shares of the utilities provider’s stock valued at $825,000 after buying an additional 1,621 shares during the period. Finally, RHS Financial LLC acquired a new stake in NRG Energy during the second quarter valued at $281,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Melius Research assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Barclays raised their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.85.

Insiders Place Their Bets

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 0.4%

Shares of NYSE NRG opened at $169.22 on Friday. The company’s 50-day simple moving average is $158.08 and its 200-day simple moving average is $145.52. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 76.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.37 earnings per share. Equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. NRG Energy’s payout ratio is presently 79.64%.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.