Leigh Baldwin & CO. LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

Leigh Baldwin & CO. LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,083 shares of the utilities provider's stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new position in NRG Energy during the fourth quarter valued at about $94,346,000. Appaloosa LP boosted its stake in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after buying an additional 703,481 shares during the period. Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the 4th quarter valued at $61,679,000. Finally, Bridgewater Associates LP lifted its holdings in shares of NRG Energy by 47.3% during the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock worth $106,944,000 after acquiring an additional 380,564 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Analysts Set New Price Targets

NRG has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Jefferies Financial Group increased their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Guggenheim upped their price target 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. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.75.

NRG Energy Trading Up 0.4%

NYSE:NRG traded up $0.69 during mid-day trading on Friday, hitting $155.16. The company had a trading volume of 1,521,357 shares, compared to its average volume of 3,019,605. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $161.78. The firm has a market cap of $30.34 billion, a P/E ratio of 39.05, a P/E/G ratio of 1.01 and a beta of 1.00. The business's fifty day moving average is $116.78 and its two-hundred day moving average is $105.05.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The firm's revenue was up 15.6% compared to the same quarter last year. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's payout ratio is presently 28.39%.

NRG Energy Company 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.