Maven Securities LTD Sells 18,967 Shares of NRG Energy, Inc. (NYSE:NRG)

Maven Securities LTD cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 75.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,033 shares of the utilities provider’s stock after selling 18,967 shares during the period. Maven Securities LTD’s holdings in NRG Energy were worth $544,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in NRG Energy in the fourth quarter worth $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy during the 4th quarter worth $41,000. UMB Bank n.a. lifted its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NRG opened at $156.73 on Wednesday. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $158.66. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company’s 50 day simple moving average is $101.80 and its 200-day simple moving average is $99.67. The stock has a market capitalization of $31.92 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the prior year, the business posted $2.31 earnings per share. NRG Energy’s revenue was up 15.6% compared to the same quarter last year. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.12%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NRG shares. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 target price for the company. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Jefferies Financial Group upped their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company upped their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.25.

NRG Energy Profile

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.