Bank of Hawaii Purchases 10,498 Shares of NRG Energy, Inc. $NRG

Key Points

• Bank of Hawaii has significantly increased its stake in NRG Energy, Inc. by purchasing an additional 10,498 shares, raising its total to 25,458 shares, valued at approximately $2.43 million.
• NRG Energy's stock has received multiple "buy" ratings from analysts, with a consensus target price of $186.92 and a recent price increase target from Guggenheim to $173.00.
• NRG Energy declared a quarterly dividend of $0.44 per share, reflecting a payout ratio of 79.64% and an annual yield of approximately 1.2%.

Bank of Hawaii boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 70.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,458 shares of the utilities provider's stock after acquiring an additional 10,498 shares during the quarter. Bank of Hawaii's holdings in NRG Energy were worth $2,430,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its position in shares of NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after purchasing an additional 86 shares during the period. Mather Group LLC. lifted its position in shares of NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $86,000 after purchasing an additional 97 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock worth $86,000 after purchasing an additional 104 shares during the period. Private Trust Co. NA lifted its position in shares of NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock worth $141,000 after purchasing an additional 119 shares during the period. Finally, Allworth Financial LP lifted its position in shares of NRG Energy by 19.2% in the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock worth $72,000 after purchasing an additional 122 shares during the period. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 2.1%

Shares of NYSE NRG traded down $3.14 during trading on Friday, hitting $145.52. The stock had a trading volume of 1,560,735 shares, compared to its average volume of 3,165,063. NRG Energy, Inc. has a 12 month low of $76.13 and a 12 month high of $175.96. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market capitalization of $28.15 billion, a PE ratio of 65.84, a PEG ratio of 1.21 and a beta of 1.14. The firm has a fifty day moving average of $154.48 and a two-hundred day moving average of $130.31.

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

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy's dividend payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Melius started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets boosted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $186.92.

About NRG Energy

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.