Mutual of America Capital Management LLC Has $3.20 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Mutual of America Capital Management LLC decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,210 shares of the utilities provider’s stock after selling 625 shares during the period. Mutual of America Capital Management LLC’s holdings in NRG Energy were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. LifeSteps Financial Inc. acquired a new stake in shares of NRG Energy during the 1st quarter worth approximately $31,000. Mather Group LLC. acquired a new stake in shares of NRG Energy during the 1st quarter worth approximately $33,000. CENTRAL TRUST Co boosted its position in shares of NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 734 shares in the last quarter. Blue Trust Inc. boosted its position in shares of NRG Energy by 35.4% during 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. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of NRG Energy during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NRG shares. BMO Capital Markets raised their target price on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their target price on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company raised their target price on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Finally, Evercore ISI raised their target price 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and a consensus price target of $68.00.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $79.63 on Friday. The firm has a market cap of $16.60 billion, a PE ratio of 11.28 and a beta of 1.07. The firm’s fifty day moving average is $80.30 and its 200-day moving average is $67.05. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01. NRG Energy, Inc. has a 52 week low of $35.97 and a 52 week high of $87.58.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). The business had revenue of $7.43 billion for the quarter. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Sell-side analysts predict that NRG Energy, Inc. will post 4.5 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, April 30th. NRG Energy’s dividend payout ratio is presently 23.09%.

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.