Madison Investment Holdings Inc. reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 35.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,039,305 shares of the utilities provider’s stock after selling 569,395 shares during the period. Madison Investment Holdings Inc. owned about 0.33% of NRG Energy worth $26,596,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tiedemann Wealth Management LLC lifted its stake in NRG Energy by 49.3% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 18,199 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 6,011 shares in the last quarter. Invictus RG purchased a new stake in NRG Energy in the 3rd quarter worth about $110,000. Fieldpoint Private Securities LLC purchased a new stake in NRG Energy in the 2nd quarter worth about $112,000. Parkwood LLC purchased a new stake in NRG Energy in the 3rd quarter worth about $205,000. Finally, Thrivent Financial For Lutherans lifted its stake in NRG Energy by 4.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 510 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

NRG Energy, Inc. (NYSE NRG) traded up $0.52 on Monday, hitting $28.25. The stock had a trading volume of 3,357,600 shares, compared to its average volume of 6,127,843. NRG Energy, Inc. has a 52 week low of $12.10 and a 52 week high of $29.78. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. The stock has a market cap of $9,030.00, a P/E ratio of 20.93 and a beta of 1.28.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. equities analysts forecast that NRG Energy, Inc. will post 0.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Tuesday, October 31st. NRG Energy’s dividend payout ratio is -4.76%.

A number of research firms have recently weighed in on NRG. ValuEngine downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Bank of America began coverage on NRG Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target for the company. SunTrust Banks reaffirmed a “hold” rating and set a $25.00 price target on shares of NRG Energy in a research note on Friday, October 20th. Finally, BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. NRG Energy has a consensus rating of “Buy” and a consensus target price of $24.67.

In related news, Director Barry T. Smitherman acquired 2,541 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $28.38 per share, with a total value of $72,113.58. Following the acquisition, the director now owns 49,000 shares in the company, valued at approximately $1,390,620. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

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NRG Energy Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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