Renaissance Technologies LLC lessened its position in shares of NRG Energy Inc (NYSE:NRG) by 24.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,216,016 shares of the utilities provider’s stock after selling 1,359,400 shares during the period. Renaissance Technologies LLC owned about 1.45% of NRG Energy worth $157,679,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NRG. PNC Financial Services Group Inc. lifted its holdings in shares of NRG Energy by 6.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,368 shares of the utilities provider’s stock worth $986,000 after purchasing an additional 1,487 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of NRG Energy by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 52,923 shares of the utilities provider’s stock worth $1,978,000 after purchasing an additional 1,533 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of NRG Energy by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 75,206 shares of the utilities provider’s stock worth $2,813,000 after purchasing an additional 1,729 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of NRG Energy by 2.0% in the 3rd quarter. State Treasurer State of Michigan now owns 90,368 shares of the utilities provider’s stock worth $3,380,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of NRG Energy by 18.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 1,900 shares during the last quarter. 97.51% of the stock is currently owned by institutional investors.

In related news, EVP Elizabeth R. Killinger sold 24,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $35.84, for a total value of $881,664.00. Following the sale, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher Moser sold 43,975 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $35.11, for a total value of $1,543,962.25. Following the completion of the sale, the executive vice president now owns 61,075 shares in the company, valued at $2,144,343.25. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. ValuEngine raised NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Bank of America raised their price target on NRG Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. SunTrust Banks raised their price target on NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Finally, Macquarie raised their price target on NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and an average target price of $38.17.

NRG opened at $40.45 on Friday. NRG Energy Inc has a 12 month low of $23.75 and a 12 month high of $40.56. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.42 and a current ratio of 1.57. The company has a market capitalization of $11.55 billion, a P/E ratio of 37.11 and a beta of 1.05.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 8th. The utilities provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.18). NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that NRG Energy Inc will post 3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, October 31st. NRG Energy’s dividend payout ratio is currently 11.01%.

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About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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