Nisa Investment Advisors LLC Decreases Position in NRG Energy, Inc. $NRG

Nisa Investment Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,972 shares of the utilities provider’s stock after selling 19,225 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NRG Energy were worth $8,913,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Meyer Handelman Co. boosted its holdings in NRG Energy by 12.7% in the fourth quarter. Meyer Handelman Co. now owns 114,870 shares of the utilities provider’s stock worth $18,292,000 after acquiring an additional 12,917 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in shares of NRG Energy by 1.3% during the fourth quarter. Affinity Wealth Management LLC now owns 44,495 shares of the utilities provider’s stock valued at $7,085,000 after acquiring an additional 552 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in NRG Energy by 25.2% in the 4th quarter. Spirit of America Management Corp NY now owns 6,950 shares of the utilities provider’s stock worth $1,107,000 after purchasing an additional 1,400 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in NRG Energy by 7.4% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,790 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 331 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in NRG Energy by 70.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 122,729 shares of the utilities provider’s stock worth $20,393,000 after purchasing an additional 50,732 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NYSE NRG opened at $150.15 on Thursday. The stock has a 50-day simple moving average of $158.70 and a two-hundred day simple moving average of $161.76. The firm has a market capitalization of $32.22 billion, a P/E ratio of 38.11 and a beta of 1.35. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $189.96. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64.

NRG Energy (NYSE:NRG) last issued its 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 during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $1.56 EPS. On average, equities analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.475 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.90 annualized dividend and a yield of 1.3%. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s payout ratio is currently 48.22%.

Insider Activity

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian Curci sold 46,976 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total transaction of $7,461,667.84. Following the sale, the vice president owned 46,113 shares in the company, valued at approximately $7,324,588.92. This represents a 50.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,556 shares of company stock worth $28,333,696 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

NRG has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. Raymond James Financial reissued a “strong-buy” rating and issued a $225.00 target price on shares of NRG Energy in a research report on Monday, February 23rd. Wells Fargo & Company upped their target price on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $153.00 price target on NRG Energy in a research report on Tuesday, February 17th. Finally, UBS Group assumed coverage on NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.21.

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.