Mutual of America Capital Management LLC Increases Position in NRG Energy, Inc. (NYSE:NRG)

Mutual of America Capital Management LLC grew its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,826 shares of the utilities provider's stock after purchasing an additional 21,351 shares during the period. Mutual of America Capital Management LLC's holdings in NRG Energy were worth $8,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its position in NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after buying an additional 97 shares during the period. Private Trust Co. NA raised its stake in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock valued at $141,000 after acquiring an additional 119 shares during the period. Allworth Financial LP lifted its holdings in NRG Energy by 19.2% during the first quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 122 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in NRG Energy by 4.8% during the first quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider's stock worth $271,000 after purchasing an additional 129 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of NRG Energy by 7.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,468 shares of the utilities provider's stock worth $236,000 after purchasing an additional 166 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 0.3%

Shares of NRG traded down $0.50 during trading hours on Friday, hitting $152.72. The company had a trading volume of 2,574,077 shares, compared to its average volume of 3,263,281. The stock's 50 day moving average price is $155.79 and its 200 day moving average price is $125.67. NRG Energy, Inc. has a 52-week low of $76.13 and a 52-week high of $175.96. The company has a quick ratio of 1.02, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The firm has a market cap of $29.86 billion, a P/E ratio of 69.10, a P/E/G ratio of 1.24 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 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 business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the previous year, the company earned $3.37 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. NRG Energy's payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NRG shares. BMO Capital Markets raised their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday. Barclays raised their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday. Guggenheim increased their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. 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 for the company. Finally, Citigroup increased their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and an average target price of $162.70.

Insider Buying and Selling at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.86% of the company's stock.

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.