NRG Energy, Inc. $NRG Shares Bought by Maven Securities LTD

Key Points

• Maven Securities LTD significantly increased its stake in NRG Energy by 255.5% during the first quarter, bringing its total shares to 21,446, valued at approximately $2,047,000.
• Several hedge funds, including Wellington Management Group LLP and Brooklyn Investment Group, also raised their positions in NRG Energy, contributing to a total institutional ownership of 97.72%.
• NRG Energy reported a quarterly earnings miss with an EPS of $1.68, and declared a quarterly dividend of $0.44 per share, equating to a yield of 1.2%.

Maven Securities LTD grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 255.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,446 shares of the utilities provider's stock after purchasing an additional 15,413 shares during the period. Maven Securities LTD's holdings in NRG Energy were worth $2,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NRG. Brighton Jones LLC lifted its holdings in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after buying an additional 1,528 shares in the last quarter. Townsquare Capital LLC increased its position in shares of NRG Energy by 97.4% during the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after acquiring an additional 2,582 shares during the last quarter. Mariner LLC lifted its stake in shares of NRG Energy by 17.4% in the fourth quarter. Mariner LLC now owns 26,610 shares of the utilities provider's stock worth $2,401,000 after acquiring an additional 3,948 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in NRG Energy in the fourth quarter valued at about $310,000. Finally, Jump Financial LLC grew its stake in NRG Energy by 18.8% during the 4th quarter. Jump Financial LLC now owns 6,734 shares of the utilities provider's stock valued at $608,000 after purchasing an additional 1,064 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent analyst reports. Citigroup upped their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Guggenheim raised their price objective 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. Finally, Jefferies Financial Group upped their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $186.92.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $0.9520 during trading on Friday, hitting $144.9380. 1,900,374 shares of the company traded hands, compared to its average volume of 3,205,148. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The business's fifty day moving average is $155.07 and its 200-day moving average is $128.82. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 65.58, a PEG ratio of 1.21 and a beta of 1.14. NRG Energy, Inc. has a one year low of $76.13 and a one year high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.37 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed 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 1.2%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction 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. The trade was a 47.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.