Colonial River Investments LLC Buys Shares of 7,858 NRG Energy, Inc. (NYSE:NRG)

Colonial River Investments LLC bought 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 & Exchange Commission. The fund bought 7,858 shares of the utilities provider's stock, valued at approximately $750,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the 4th quarter valued at approximately $32,000. Exchange Traded Concepts LLC boosted its stake in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock valued at $593,000 after buying an additional 2,190 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of NRG Energy in the fourth quarter valued at approximately $276,000. Townsquare Capital LLC boosted its stake in shares of NRG Energy by 97.4% in the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after buying an additional 2,582 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of NRG Energy by 2.7% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insiders Place Their Bets

In other news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director now directly owns 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

NRG Energy Price Performance

NRG stock opened at $162.79 on Friday. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $168.57. The stock's fifty day simple moving average is $141.87 and its 200-day simple moving average is $113.46. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $0.72 by $1.90. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. Equities research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

A number of research firms recently commented on NRG. Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Guggenheim boosted their price objective on shares of 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 upped their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a report on Friday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

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.

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