Goodlander Investment Management LLC Acquires New Holdings in NRG Energy, Inc. $NRG

Key Points

• Goodlander Investment Management LLC acquired 100,000 shares of NRG Energy, Inc., valued at approximately $9.5 million, making NRG 8.1% of its investment portfolio.
• Analysts have set a consensus price target of $186.92 for NRG Energy, with ratings ranging from "strong buy" to "hold".
• NRG Energy reported quarterly earnings of $1.68 per share, missing expectations, but revenue of $6.74 billion surpassed forecasts by $0.11 billion.

Goodlander Investment Management LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the utilities provider's stock, valued at approximately $9,546,000. NRG Energy makes up approximately 8.1% of Goodlander Investment Management LLC's investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after purchasing an additional 6,049,247 shares in the last quarter. Boston Partners boosted its position in NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Northern Trust Corp boosted its position in NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in NRG Energy by 33.6% during the first 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NRG Energy by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock worth $110,392,000 after acquiring an additional 182,438 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup raised their price target on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Raymond James Financial assumed coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. BMO Capital Markets raised their price target 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 assumed coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Finally, Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $186.92.

NRG Energy Trading Down 2.1%

NRG Energy stock opened at $145.52 on Friday. NRG Energy, Inc. has a 52 week low of $76.13 and a 52 week high of $175.96. The company has a market capitalization of $28.15 billion, a price-to-earnings ratio of 65.84, a price-to-earnings-growth ratio of 1.21 and a beta of 1.14. The stock has a 50-day moving average price of $154.35 and a 200 day moving average price of $130.60. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the previous year, the firm posted $3.37 earnings per share. The company's revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy's payout ratio is presently 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.

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