Aristeia Capital L.L.C. Makes New $393,000 Investment in NRG Energy, Inc. $NRG

Key Points

• Aristeia Capital has invested approximately $393,000 in NRG Energy, acquiring 4,120 shares during the first quarter.
• Goldman Sachs Group Inc. and other institutional investors significantly increased their holdings in NRG Energy, indicating strong confidence in the company's performance.
• NRG Energy recently reported earnings of $1.68 per share, missing analysts' expectations, and declared a quarterly dividend of $0.44, with an annualized yield of 1.2%.

Aristeia Capital L.L.C. acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,120 shares of the utilities provider's stock, valued at approximately $393,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its stake in NRG Energy by 23.8% in the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock valued at $64,000 after buying an additional 129 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of NRG Energy by 99.2% during the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after purchasing an additional 206,096 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of NRG Energy during the fourth quarter worth $276,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NRG Energy stock traded up $7.14 during midday trading on Friday, reaching $165.06. 2,278,123 shares of the company were exchanged, compared to its average volume of 1,979,868. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of 74.69, a P/E/G ratio of 1.29 and a beta of 1.17. The firm's 50-day simple moving average is $153.23 and its 200-day simple moving average is $133.67. NRG Energy, Inc. has a 1 year low of $77.49 and a 1 year high of $175.96. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.37 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NRG. Barclays increased their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets increased their price target on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Melius Research assumed coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. Finally, Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $186.92.

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.