SRH Advisors LLC Sells 3,250 Shares of NRG Energy, Inc. $NRG

SRH Advisors LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 40.6% during the 2nd quarter, Holdings Channel reports. The firm owned 4,750 shares of the utilities provider’s stock after selling 3,250 shares during the period. NRG Energy makes up approximately 0.2% of SRH Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. SRH Advisors LLC’s holdings in NRG Energy were worth $763,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NRG. Brighton Jones LLC grew its stake in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. Merit Financial Group LLC purchased a new stake in NRG Energy in the first quarter worth about $909,000. Hennion & Walsh Asset Management Inc. purchased a new stake in NRG Energy in the first quarter worth about $348,000. UMB Bank n.a. lifted its holdings in NRG Energy by 44.0% in the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock worth $63,000 after buying an additional 200 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in NRG Energy by 83.7% in the first quarter. Park Avenue Securities LLC now owns 11,753 shares of the utilities provider’s stock worth $1,122,000 after buying an additional 5,355 shares during the period. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NRG. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a report on Saturday, September 27th. Scotiabank began coverage on shares of NRG Energy in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective for the company. Citigroup raised their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They set a “strong-buy” rating and a $195.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average price target of $188.85.

NRG Energy Price Performance

NRG stock opened at $166.56 on Monday. The firm has a 50 day moving average price of $157.14 and a 200-day moving average price of $141.41. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 75.37, a PEG ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data 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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. NRG Energy’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 1st. NRG Energy’s payout ratio is presently 79.64%.

NRG Energy Company 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.