Rhumbline Advisers Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Rhumbline Advisers lifted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,279 shares of the utilities provider's stock after purchasing an additional 22,593 shares during the quarter. Rhumbline Advisers owned 0.20% of NRG Energy worth $37,829,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the 4th quarter worth approximately $32,000. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy during the 4th quarter worth $41,000. Larson Financial Group LLC grew its position in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in NRG Energy by 64.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in NRG Energy during the fourth quarter valued at about $53,000. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction that occurred on 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 now directly owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

NRG Energy Trading Down 0.1%

NRG Energy stock traded down $0.09 during trading hours on Friday, reaching $155.94. The company had a trading volume of 2,327,743 shares, compared to its average volume of 2,997,783. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $162.33. The company has a 50-day moving average price of $122.83 and a 200 day moving average price of $107.30. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 39.18, a P/E/G ratio of 1.01 and a beta of 1.13.

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

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued 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 dividend payout ratio (DPR) is presently 28.39%.

Analysts Set New Price Targets

NRG has been the subject of a number of research reports. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Jefferies Financial Group boosted their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Guggenheim lifted their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.75.

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.