New York Life Investment Management LLC Has $4.28 Million Stock Holdings in NRG Energy, Inc. $NRG

New York Life Investment Management LLC lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 26,646 shares of the utilities provider’s stock after selling 563 shares during the period. New York Life Investment Management LLC’s holdings in NRG Energy were worth $4,279,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NRG. Goldman Sachs Group Inc. grew its position in shares of NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after buying an additional 6,049,247 shares during the period. Amundi grew its position in shares of NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after buying an additional 3,876,235 shares during the period. Boston Partners grew its position in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock worth $269,230,000 after buying an additional 1,771,829 shares during the period. Appaloosa LP grew its position in shares of NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock worth $195,693,000 after buying an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of NRG Energy by 33.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock worth $141,388,000 after buying an additional 372,618 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 3.1%

NRG opened at $172.98 on Friday. The stock has a market capitalization of $33.46 billion, a P/E ratio of 78.27 and a beta of 1.14. The firm’s fifty day simple moving average is $161.32 and its 200 day simple moving average is $150.71. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.44 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy’s payout ratio is presently 79.64%.

Insider Buying and Selling

In other NRG Energy 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 sale, the vice president directly owned 48,571 shares of the company’s stock, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research analyst reports. Melius Research initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a report on Tuesday. Scotiabank initiated coverage on shares of NRG Energy in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target for the company. Finally, BMO Capital Markets boosted their price target on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $197.54.

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.