United Capital Management of KS Inc. Reduces Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

United Capital Management of KS Inc. lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,531 shares of the utilities provider’s stock after selling 1,992 shares during the period. United Capital Management of KS Inc.’s holdings in NRG Energy were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC purchased a new position in shares of NRG Energy during the 3rd quarter valued at about $26,000. Los Angeles Capital Management LLC lifted its holdings in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after acquiring an additional 1,049,521 shares during the period. Crossmark Global Holdings Inc. boosted its position in NRG Energy by 124.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,429 shares of the utilities provider’s stock worth $1,770,000 after purchasing an additional 10,782 shares in the last quarter. Covestor Ltd grew its stake in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the period. Finally, Atria Investments Inc increased its holdings in shares of NRG Energy by 62.9% during the 3rd quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock valued at $1,373,000 after purchasing an additional 5,819 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Guggenheim raised their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price target on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $96.00.

NRG Energy Trading Down 0.3 %

Shares of NRG stock opened at $96.14 on Monday. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $102.84. The firm has a market capitalization of $19.84 billion, a P/E ratio of 24.16, a PEG ratio of 1.42 and a beta of 1.10. The stock’s fifty day moving average is $87.21 and its two-hundred day moving average is $81.82. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts expect that NRG Energy, Inc. will post 6.29 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.70%. NRG Energy’s dividend payout ratio is presently 40.95%.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s 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 sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.