Dynamic Technology Lab Private Ltd Acquires 9,293 Shares of NRG Energy, Inc. $NRG

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in NRG Energy, purchasing an additional 9,293 shares, raising its total holdings to 15,453 shares valued at approximately $1.475 million.
• NRG Energy reported earnings of $1.68 per share for the last quarter, which missed analysts' expectations, despite a revenue increase to $6.74 billion.
• The company declared a quarterly dividend of $0.44 per share, equating to an annualized dividend yield of 1.2% and a payout ratio of 79.64%.

Dynamic Technology Lab Private Ltd raised its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 150.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,453 shares of the utilities provider's stock after purchasing an additional 9,293 shares during the period. Dynamic Technology Lab Private Ltd's holdings in NRG Energy were worth $1,475,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after buying an additional 6,049,247 shares in the last quarter. Amundi increased its holdings in shares of NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after acquiring an additional 3,876,235 shares in the last quarter. Boston Partners raised 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 purchasing an additional 1,771,829 shares during the period. Appaloosa LP lifted its holdings in shares of NRG Energy by 12.9% in the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock worth $195,693,000 after purchasing an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in NRG Energy by 33.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after purchasing an additional 372,618 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research reports. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. BMO Capital Markets upped their target price on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Wells Fargo & Company increased their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $186.92.

NRG Energy Stock Performance

Shares of NRG stock traded up $9.18 during trading on Wednesday, hitting $161.44. The company's stock had a trading volume of 3,506,041 shares, compared to its average volume of 1,925,657. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a market cap of $31.23 billion, a PE ratio of 19.85, a P/E/G ratio of 1.24 and a beta of 1.17. The business has a fifty day moving average of $153.00 and a 200-day moving average of $132.66. NRG Energy, Inc. has a 52 week low of $77.31 and a 52 week high of $175.96.

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

NRG Energy Dividend Announcement

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

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.