Brighton Jones LLC Reduces Position in NRG Energy, Inc. (NYSE:NRG)

Brighton Jones LLC trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,615 shares of the utilities provider’s stock after selling 379 shares during the period. Brighton Jones LLC’s holdings in NRG Energy were worth $290,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co increased its position in NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after buying an additional 734 shares in the last quarter. Blue Trust Inc. increased its holdings in NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in NRG Energy during the third quarter valued at approximately $41,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of NRG Energy in the third quarter worth $57,000. Finally, GAMMA Investing LLC bought a new stake in shares of NRG Energy during the 4th quarter valued at $106,000. 97.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Citigroup increased their target price on 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 boosted their price target on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Evercore ISI lifted their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Finally, Morgan Stanley upped their target price on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy has an average rating of “Hold” and a consensus target price of $59.50.

NRG Energy Stock Up 2.0 %

NRG stock opened at $76.65 on Friday. The firm has a fifty day moving average price of $66.93 and a 200 day moving average price of $55.10. NRG Energy, Inc. has a fifty-two week low of $30.52 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. Sell-side analysts forecast that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.13%. NRG Energy’s payout ratio is currently -152.34%.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.