BW Gestao de Investimentos Ltda. Invests $2.18 Million in NRG Energy, Inc. $NRG

Key Points

• BW Gestao de Investimentos Ltda. acquired a new stake in NRG Energy, Inc. by purchasing 22,800 shares valued at approximately $2.18 million in the first quarter.
• NRG Energy's shares reached $145.15 on Wednesday, with a 52-week range between $76.13 and $175.96, indicating significant price fluctuations.
• The company announced a quarterly dividend of $0.44 per share, yielding 1.2%, with a dividend payout ratio of 79.64%.

BW Gestao de Investimentos Ltda. acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,800 shares of the utilities provider's stock, valued at approximately $2,176,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after purchasing an additional 6,049,247 shares during the last quarter. Amundi raised its position in NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after purchasing an additional 3,876,235 shares during the period. Boston Partners increased its position in shares of NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after acquiring an additional 1,771,829 shares during the period. Nuveen LLC purchased a new stake in shares of NRG Energy during the first quarter worth $93,075,000. Finally, Alliancebernstein L.P. increased its holdings in NRG Energy by 289.1% in the first quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider's stock valued at $97,672,000 after buying an additional 760,201 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NYSE:NRG traded down $0.49 during mid-day trading on Friday, reaching $147.46. The stock had a trading volume of 1,672,696 shares, compared to its average volume of 2,025,767. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.20 and a beta of 1.17. NRG Energy, Inc. has a twelve month low of $76.13 and a twelve month high of $175.96. The business has a 50 day simple moving average of $153.33 and a 200 day simple moving average of $132.09.

NRG Energy (NYSE:NRG - Get Free Report) last announced 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 firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. NRG Energy's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 EPS. On average, analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NRG shares. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. BMO Capital Markets raised their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Melius started coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Finally, Melius Research started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.92.

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.