Schroder Investment Management Group Sells 53,530 Shares of NRG Energy, Inc. $NRG

Schroder Investment Management Group lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,138,801 shares of the utilities provider’s stock after selling 53,530 shares during the quarter. Schroder Investment Management Group owned 0.59% of NRG Energy worth $182,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. Daymark Wealth Partners LLC grew its position in NRG Energy by 2.2% in the second quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after purchasing an additional 64 shares in the last quarter. Donald L. Hagan LLC boosted its stake in shares of NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock worth $543,000 after buying an additional 66 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of NRG Energy by 6.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 84 shares in the last quarter. Horizon Investments LLC increased its position in shares of NRG Energy by 3.0% in the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 86 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its holdings in NRG Energy by 32.1% during the second quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 93 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $163.82, for a total value of $3,276,400.00. Following the completion of the sale, the vice president owned 43,191 shares of the company’s stock, valued at $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by company insiders.

NRG Energy Price Performance

NYSE:NRG opened at $168.57 on Friday. The company has a market cap of $32.30 billion, a P/E ratio of 76.28 and a beta of 1.16. The firm’s fifty day moving average price is $167.22 and its two-hundred day moving average price is $159.18. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $180.54. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the company posted $1.90 EPS. NRG Energy’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 6th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio is presently 26.31%.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research note on Monday, October 20th. Melius assumed coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price for the company. Morgan Stanley reaffirmed an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Weiss Ratings reissued a “buy (b)” rating on shares of NRG Energy in a research report on Tuesday. Finally, Melius Research began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.31.

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.