2,679 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by 111 Capital

111 Capital bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,679 shares of the utilities provider's stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Schechter Investment Advisors LLC lifted its holdings in NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. boosted its holdings in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after buying an additional 125 shares in the last quarter. Avestar Capital LLC grew its position in NRG Energy by 4.7% during the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after buying an additional 138 shares during the period. Independent Advisor Alliance increased its holdings in NRG Energy by 5.9% in the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock valued at $236,000 after buying an additional 146 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of NRG Energy by 28.3% in the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock worth $60,000 after acquiring an additional 146 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NRG shares. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Guggenheim increased their price target on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $140.75.

NRG Energy Price Performance

Shares of NYSE NRG traded up $2.57 during midday trading on Tuesday, hitting $161.06. The stock had a trading volume of 3,886,593 shares, compared to its average volume of 3,019,299. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $164.75. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a 50 day simple moving average of $119.08 and a 200-day simple moving average of $106.14. The company has a market capitalization of $31.49 billion, a PE ratio of 40.47, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.09%. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

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.