Mackenzie Financial Corp Buys 26,211 Shares of NRG Energy, Inc. (NYSE:NRG)

Mackenzie Financial Corp raised its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,777 shares of the utilities provider's stock after purchasing an additional 26,211 shares during the quarter. Mackenzie Financial Corp owned approximately 0.16% of NRG Energy worth $28,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners bought a new position in shares of NRG Energy in the 4th quarter valued at about $94,346,000. Appaloosa LP lifted its stake in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after purchasing an additional 703,481 shares during the period. Raymond James Financial Inc. acquired a new position in NRG Energy during the fourth quarter worth approximately $61,679,000. Finally, Leigh Baldwin & CO. LLC bought a new stake in NRG Energy in the fourth quarter valued at approximately $54,881,000. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NYSE:NRG traded down $1.06 during trading hours on Wednesday, reaching $155.85. 1,622,839 shares of the company were exchanged, compared to its average volume of 3,019,747. The business has a 50 day moving average of $114.65 and a 200 day moving average of $104.28. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $161.78. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market capitalization of $30.47 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.01 and a beta of 1.00.

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

NRG Energy Announces Dividend

The firm also recently announced 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 dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is presently 28.39%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NRG. Wells Fargo & Company boosted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Guggenheim raised their target price 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. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. 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 report on Monday, May 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $140.75.

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.