Total Wealth Planning & Management Inc. Sells 1,440 Shares of NRG Energy, Inc. $NRG

Total Wealth Planning & Management Inc. lessened its position in shares of NRG Energy, Inc. (NYSE:NRG) by 13.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,083 shares of the utilities provider’s stock after selling 1,440 shares during the period. NRG Energy makes up approximately 1.1% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 15th largest position. Total Wealth Planning & Management Inc.’s holdings in NRG Energy were worth $1,459,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after purchasing an additional 6,049,247 shares during the last quarter. Amundi raised its position in NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after purchasing an additional 3,876,235 shares during the last quarter. Boston Partners raised its position in shares of NRG Energy by 169.5% in the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock worth $269,230,000 after acquiring an additional 1,771,829 shares in the last quarter. Nuveen LLC bought a new position in shares of NRG Energy in the 1st quarter worth about $93,075,000. Finally, Alliancebernstein L.P. raised its position in shares of NRG Energy by 289.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider’s stock worth $97,672,000 after acquiring an additional 760,201 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Up 0.4%

NRG opened at $168.11 on Friday. The stock has a market cap of $32.52 billion, a PE ratio of 76.07, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The business’s fifty day simple moving average is $157.35 and its 200 day simple moving average is $142.62.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the company earned $3.37 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy’s dividend payout ratio is presently 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were 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 in the company, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

NRG has been the subject of several research reports. Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price for the company. Citigroup boosted their target price on NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a report on Wednesday. BMO Capital Markets lifted their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Finally, Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.85.

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.