Wright Investors Service Inc. Has $1.51 Million Position in NRG Energy, Inc. (NYSE:NRG)

Wright Investors Service Inc. reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,278 shares of the utilities provider’s stock after selling 2,011 shares during the period. Wright Investors Service Inc.’s holdings in NRG Energy were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its position in shares of NRG Energy by 5.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,010 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 1,040 shares during the period. Guidance Capital Inc. boosted its position in shares of NRG Energy by 5.6% in the fourth quarter. Guidance Capital Inc. now owns 15,713 shares of the utilities provider’s stock valued at $805,000 after acquiring an additional 831 shares during the period. Quantum Private Wealth LLC bought a new stake in shares of NRG Energy in the fourth quarter valued at about $252,000. Louisiana State Employees Retirement System bought a new stake in shares of NRG Energy in the fourth quarter valued at about $708,000. Finally, Friedenthal Financial bought a new stake in shares of NRG Energy in the fourth quarter valued at about $743,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NRG shares. TheStreet raised shares of NRG Energy from a “c+” rating to a “b” rating in a research report on Friday, December 29th. Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Wells Fargo & Company upped their price objective on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Evercore ISI upped their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Finally, StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy has an average rating of “Hold” and an average target price of $59.50.

NRG Energy Trading Down 0.2 %

Shares of NRG Energy stock traded down $0.14 on Thursday, hitting $73.28. The stock had a trading volume of 624,896 shares, compared to its average volume of 3,652,276. The stock has a 50 day moving average of $62.44 and a 200 day moving average of $52.67. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market capitalization of $15.74 billion, a P/E ratio of -68.62 and a beta of 1.13.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. Sell-side analysts expect that NRG Energy, Inc. will post 5.39 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.22%. NRG Energy’s dividend payout ratio is presently -152.34%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

About NRG Energy

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.