Knights of Columbus Asset Advisors LLC Has $5.80 Million Stock Position in NRG Energy, Inc. $NRG

Key Points

• Knights of Columbus Asset Advisors LLC increased its stock position in NRG Energy, Inc. by 9.0% during Q2, bringing its total shares to 36,117, valued at approximately $5.80 million.
• NRG Energy's recent earnings report revealed a missed EPS estimate of $1.68, compared to analysts’ expectations of $1.72, with revenue slightly up at $6.74 billion.
• The company has a current market cap of $32.22 billion, with a debt-to-equity ratio of 5.99 and a 52-week stock price range between $79.57 and $175.96.

Knights of Columbus Asset Advisors LLC lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,117 shares of the utilities provider's stock after purchasing an additional 2,975 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in NRG Energy were worth $5,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of 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 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 worth $406,342,000 after purchasing an additional 3,876,235 shares in the last quarter. Boston Partners lifted its stake in 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. Nuveen LLC acquired a new stake in NRG Energy during the first quarter valued at approximately $93,075,000. Finally, Alliancebernstein L.P. grew its stake in shares of NRG Energy by 289.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider's stock valued at $97,672,000 after purchasing an additional 760,201 shares during the period. 97.72% of the stock is owned by institutional investors.

Insider Activity at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Stock Down 0.4%

NYSE:NRG opened at $166.56 on Monday. The company has a market cap of $32.22 billion, a price-to-earnings ratio of 75.37, a P/E/G ratio of 1.35 and a beta of 1.14. 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 stock's fifty day moving average price is $157.14 and its two-hundred day moving average price is $141.41. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96.

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

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NRG Energy in a research note on Saturday, September 27th. Melius started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 target price for the company. Barclays lifted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $188.85.

About NRG Energy

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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