Kapitalo Investimentos Ltda Lowers Stake in NRG Energy, Inc. (NYSE:NRG)

Kapitalo Investimentos Ltda lessened its position in NRG Energy, Inc. (NYSE:NRG) by 41.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,880 shares of the utilities provider’s stock after selling 2,801 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in NRG Energy were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Banco Santander S.A. bought a new position in shares of NRG Energy during the 2nd quarter valued at about $217,671,000. Capitolis Liquid Global Markets LLC grew its position in NRG Energy by 253.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after acquiring an additional 1,266,000 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of NRG Energy during the first quarter worth approximately $64,306,000. Fred Alger Management LLC purchased a new stake in shares of NRG Energy in the 2nd quarter valued at $53,773,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets increased their price objective on NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Finally, Guggenheim lifted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.25.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG opened at $89.14 on Wednesday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The stock has a market capitalization of $18.58 billion, a PE ratio of 12.63 and a beta of 1.10. The stock’s 50 day moving average price is $84.44 and its 200-day moving average price is $79.65. NRG Energy, Inc. has a 52-week low of $40.10 and a 52-week high of $96.40.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period in the previous year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.83%. NRG Energy’s payout ratio is 23.09%.

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.