Ontario Teachers Pension Plan Board Takes $1.20 Million Position in NRG Energy, Inc. (NYSE:NRG)

Key Points

• The Ontario Teachers Pension Plan Board acquired 12,558 shares of NRG Energy, Inc., valued at approximately $1.2 million, reflecting increased interest from institutional investors.
• NRG Energy reported $1.68 EPS for the last quarter, missing expectations, but achieved revenues of $6.74 billion, surpassing estimates by $110 million.
• The company announced a quarterly dividend of $0.44 per share to be paid on August 15, representing a 1.2% dividend yield.

Ontario Teachers Pension Plan Board purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,558 shares of the utilities provider's stock, valued at approximately $1,199,000.

Several other institutional investors also recently modified their holdings of NRG. Key Financial Inc acquired a new stake in NRG Energy during the 1st quarter valued at $30,000. Evermay Wealth Management LLC acquired a new stake in NRG Energy during the 1st quarter valued at $36,000. Park Square Financial Group LLC acquired a new stake in NRG Energy during the 4th quarter valued at $53,000. UMB Bank n.a. raised its stake in NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 200 shares during the period. Finally, Community Bank N.A. acquired a new stake in NRG Energy during the 1st quarter valued at $64,000. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 0.3%

NYSE:NRG traded down $0.50 during trading hours on Friday, reaching $152.72. The company's stock had a trading volume of 2,574,077 shares, compared to its average volume of 3,354,016. The company has a market cap of $29.54 billion, a price-to-earnings ratio of 69.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. NRG Energy, Inc. has a one year low of $76.13 and a one year high of $175.96. The business's 50-day moving average is $155.73 and its 200-day moving average is $126.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.37 earnings per share. Equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 1st. NRG Energy's dividend payout ratio is 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NRG shares. Citigroup boosted their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Guggenheim upped their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. BMO Capital Markets upped their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Barclays upped their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.70.

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.