NRG Energy, Inc. $NRG Shares Bought by Strs Ohio
by Amy Steele · The Cerbat GemStrs Ohio grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 104.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,009 shares of the utilities provider’s stock after purchasing an additional 20,460 shares during the period. Strs Ohio’s holdings in NRG Energy were worth $6,371,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of NRG. Reaves W H & Co. Inc. increased its position in NRG Energy by 122.8% during the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock worth $47,852,000 after acquiring an additional 162,874 shares during the period. MidWestOne Financial Group Inc. increased its position in NRG Energy by 58.1% during the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock worth $3,238,000 after acquiring an additional 7,344 shares during the period. Schroder Investment Management Group increased its position in NRG Energy by 7.6% during the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after acquiring an additional 86,528 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new stake in NRG Energy during the third quarter worth about $27,003,000. Finally, Korea Investment CORP grew its stake in NRG Energy by 13.4% during the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after buying an additional 32,672 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at NRG Energy
In other news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president directly owned 55,495 shares in the company, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.
NRG Energy Trading Up 1.0%
NRG opened at $154.88 on Tuesday. The company’s 50 day moving average is $159.13 and its 200-day moving average is $160.74. NRG Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $189.96. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. The company has a market cap of $33.23 billion, a P/E ratio of 39.31 and a beta of 1.32.
NRG Energy (NYSE:NRG – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts predict that NRG Energy, Inc. will post 8.98 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, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is presently 48.22%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, March 6th. They set a “buy” rating and a $197.00 price objective on the stock. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Morgan Stanley set a $159.00 price objective on shares of NRG Energy in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.57.
View Our Latest Stock Analysis on NRG
NRG Energy Company Profile
NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.
NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.