NRG Energy, Inc. (NYSE:NRG) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) by 1.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 86,362 shares of the utilities provider’s stock after selling 1,232 shares during the period. Amalgamated Bank’s holdings in NRG Energy were worth $3,313,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its stake in NRG Energy by 70.5% during the 1st quarter. CWM LLC now owns 757 shares of the utilities provider’s stock worth $29,000 after buying an additional 313 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in NRG Energy by 43.3% during the 4th quarter. MBM Wealth Consultants LLC now owns 1,479 shares of the utilities provider’s stock worth $64,000 after buying an additional 447 shares in the last quarter. Cowa LLC purchased a new stake in NRG Energy during the 1st quarter worth approximately $74,000. Edmond DE Rothschild Holding S.A. purchased a new stake in NRG Energy during the 1st quarter worth approximately $93,000. Finally, Zions Bancorporation N.A. increased its stake in NRG Energy by 281.9% during the 1st quarter. Zions Bancorporation N.A. now owns 2,704 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,996 shares in the last quarter. 95.84% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 1.9 %

NRG opened at $41.38 on Friday. NRG Energy, Inc. has a one year low of $34.70 and a one year high of $47.82. The stock has a market capitalization of $9.73 billion, a PE ratio of 2.92, a P/E/G ratio of 0.57 and a beta of 0.84. The business’s 50 day moving average price is $40.38 and its 200 day moving average price is $40.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 1.29.

NRG Energy (NYSE:NRGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $1.36. NRG Energy had a return on equity of 33.75% and a net margin of 11.93%. The firm had revenue of $7.28 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts expect that NRG Energy, Inc. will post 6.14 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, July 29th. NRG Energy’s dividend payout ratio (DPR) is 9.87%.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. Morgan Stanley upped their price target on NRG Energy from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. Bank of America lowered NRG Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $43.00 to $42.00 in a research report on Tuesday, June 7th. Finally, The Goldman Sachs Group dropped their price target on NRG Energy from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.80.

NRG Energy Company Profile

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NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

Further Reading

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

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