NRG Energy, Inc. (NYSE:NRG) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,540 shares of the utilities provider’s stock after selling 2,853 shares during the period. Johnson Financial Group Inc.’s holdings in NRG Energy were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth approximately $41,000. CENTRAL TRUST Co grew its position in NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after buying an additional 734 shares during the period. Blue Trust Inc. increased its holdings in NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after buying an additional 226 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of NRG Energy in the fourth quarter worth about $51,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of NRG Energy during the 3rd quarter worth about $57,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Rasesh M. Patel sold 49,092 shares of the firm’s 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 in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares in the company, valued at $22,192,398.24. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG traded up $4.91 on Friday, hitting $86.00. 3,639,863 shares of the company’s stock were exchanged, compared to its average volume of 3,761,115. NRG Energy, Inc. has a fifty-two week low of $31.68 and a fifty-two week high of $86.46. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 12.18 and a beta of 1.11. The firm has a 50-day moving average price of $74.09 and a 200-day moving average price of $59.48. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. As a group, equities analysts anticipate that NRG Energy, Inc. will post 5.46 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently 23.09%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NRG shares. Morgan Stanley lifted their price target on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Wells Fargo & Company lifted their price target on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. BMO Capital Markets upped their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Finally, StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, NRG Energy currently has a consensus rating of “Hold” and a consensus price target of $65.50.

NRG Energy Company 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.