Price T Rowe Associates Inc. MD Has $64.43 Million Stake in NRG Energy, Inc. $NRG

Key Points

• Price T Rowe Associates Inc. reduced its stake in NRG Energy by 0.4%, holding 674,893 shares worth approximately $64.4 million after selling 3,001 shares.
• Analysts have generally raised their target prices for NRG Energy, with Barclays increasing their target from $197 to $203, while Guggenheim raised theirs from $138 to $173, indicating a positive outlook.
• NRG Energy reported $1.68 EPS for the last quarter, missing expectations of $1.72, despite a revenue of $6.74 billion, which exceeded estimates.

Price T Rowe Associates Inc. MD lowered its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,893 shares of the utilities provider's stock after selling 3,001 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.33% of NRG Energy worth $64,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after acquiring an additional 6,049,247 shares during the period. Boston Partners boosted its holdings in shares of 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. Northern Trust Corp grew 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NRG Energy by 17.5% in the 4th 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 valued at $110,392,000 after buying an additional 182,438 shares during the period. Finally, Deutsche Bank AG lifted its position in NRG Energy by 7.3% in the 1st quarter. Deutsche Bank AG now owns 1,050,924 shares of the utilities provider's stock worth $100,321,000 after buying an additional 71,337 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NRG has been the topic of a number of research reports. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. BMO Capital Markets raised their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Melius began coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Guggenheim increased their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group raised their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.92.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $3.14 during trading on Friday, hitting $145.52. 1,560,812 shares of the stock were exchanged, compared to its average volume of 2,914,910. 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 company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 1-year low of $76.13 and a 1-year high of $175.96. The company's fifty day simple moving average is $154.35 and its 200-day simple moving average is $130.60.

NRG Energy (NYSE:NRG - Get Free Report) last issued its 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). The firm had revenue of $6.74 billion during 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 business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.37 earnings per share. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

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.