Aviva PLC Lowers Stake in NRG Energy Inc (NRG)

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Aviva PLC trimmed its position in shares of NRG Energy Inc (NYSE:NRG) by 4.6% during the third quarter, HoldingsChannel.com reports. The firm owned 150,616 shares of the utilities provider’s stock after selling 7,263 shares during the period. Aviva PLC’s holdings in NRG Energy were worth $5,633,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bowling Portfolio Management LLC acquired a new position in shares of NRG Energy during the second quarter worth approximately $1,099,000. Zacks Investment Management bought a new stake in NRG Energy during the second quarter worth $1,006,000. Covalis Capital LLP bought a new stake in NRG Energy during the second quarter worth $3,274,000. NumerixS Investment Technologies Inc bought a new stake in NRG Energy during the second quarter worth $344,000. Finally, Commonwealth Bank of Australia bought a new stake in NRG Energy during the second quarter worth $801,000. 97.51% of the stock is currently owned by institutional investors.

NRG has been the subject of several recent research reports. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Bank of America upped 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 upped 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. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Macquarie upped 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and a consensus target price of $38.17.

Shares of NRG Energy stock opened at $40.53 on Friday. NRG Energy Inc has a 12-month low of $23.75 and a 12-month high of $41.29. The firm has a market cap of $11.55 billion, a P/E ratio of 37.18 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 7.16.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. NRG Energy’s dividend payout ratio (DPR) is presently 11.01%.

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

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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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Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy Inc (NYSE:NRG).

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

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