Copeland Capital Management LLC Invests $11.66 Million in NRG Energy, Inc. $NRG

Key Points

• Copeland Capital Management LLC bought a new position of 73,227 NRG shares in the fourth quarter, valued at approximately $11.66 million.
• NRG declared a quarterly dividend of $0.475 per share (annualized $1.90) with an ex-dividend date of May 1 and a yield of about 1.2%.
• NRG reported mixed quarterly results: $1.04 EPS (missing the $1.19 consensus) while revenue rose to $7.75 billion, up 13.7% year‑over‑year.

Copeland Capital Management LLC bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,227 shares of the utilities provider's stock, valued at approximately $11,661,000.

Several other institutional investors and hedge funds have also bought and sold shares of NRG. Invesco Ltd. raised its holdings in shares of NRG Energy by 0.6% during the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider's stock valued at $790,471,000 after acquiring an additional 31,238 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in NRG Energy by 42.7% in the third quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider's stock valued at $221,671,000 after acquiring an additional 409,776 shares in the last quarter. Schroder Investment Management Group increased its position in NRG Energy by 7.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider's stock valued at $198,442,000 after purchasing an additional 86,528 shares during the period. UBS Group AG raised its holdings in NRG Energy by 47.8% in the 3rd quarter. UBS Group AG now owns 958,982 shares of the utilities provider's stock worth $155,307,000 after purchasing an additional 309,989 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of NRG Energy by 492.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider's stock worth $141,918,000 after purchasing an additional 734,624 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by company insiders.

NRG Energy Stock Up 3.3%

Shares of NRG Energy stock opened at $159.68 on Friday. NRG Energy, Inc. has a 1 year low of $105.30 and a 1 year high of $189.96. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 40.53 and a beta of 1.35. The company has a 50-day moving average of $160.58 and a 200 day moving average of $161.10. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm earned $1.56 EPS. The company's revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NRG Energy, Inc. will post 8.81 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 1st. NRG Energy's dividend payout ratio (DPR) is 48.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NRG shares. Weiss Ratings cut shares of NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $202.00 to $206.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Wolfe Research raised NRG Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research report on Wednesday, March 18th. Evercore initiated coverage on NRG Energy in a report on Wednesday, February 25th. They set an "outperform" rating and a $215.00 target price on the stock. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $225.00 target price on shares of NRG Energy in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $198.29.

NRG Energy Company Profile

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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