NRG Energy, Inc. $NRG is Banco Santander S.A.’s 4th Largest Position

Banco Santander S.A. decreased its stake in NRG Energy, Inc. (NYSE:NRG) by 22.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,206,000 shares of the utilities provider’s stock after selling 629,000 shares during the quarter. NRG Energy comprises 3.4% of Banco Santander S.A.’s portfolio, making the stock its 4th biggest holding. Banco Santander S.A. owned about 1.13% of NRG Energy worth $354,239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GW&K Investment Management LLC boosted its holdings in shares of NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 129 shares during the period. Envestnet Asset Management Inc. boosted its holdings in NRG Energy by 99.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock valued at $39,512,000 after acquiring an additional 206,096 shares during the period. Spire Wealth Management boosted its holdings in NRG Energy by 55.1% during the 1st quarter. Spire Wealth Management now owns 4,391 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 1,560 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in NRG Energy by 32.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 10,082 shares of the utilities provider’s stock valued at $962,000 after acquiring an additional 2,484 shares during the period. Finally, Cerity Partners LLC boosted its holdings in NRG Energy by 8.9% during the 1st quarter. Cerity Partners LLC now owns 30,127 shares of the utilities provider’s stock valued at $2,876,000 after acquiring an additional 2,450 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, August 6th. Morgan Stanley set a $145.00 price objective on NRG Energy and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a report on Saturday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 target price on shares of NRG Energy in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Buy” and an average price target of $197.46.

NRG Energy Price Performance

Shares of NRG stock opened at $170.12 on Monday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 76.98 and a beta of 1.14. The stock has a fifty day simple moving average of $159.24 and a two-hundred day simple moving average of $148.88. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99.

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

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s payout ratio is presently 79.64%.

Insider Activity at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.