NRG Energy, Inc. $NRG Holdings Increased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in NRG Energy by 173.4%, owning 25,401 shares valued at approximately $2.4 million by the end of Q1.
• Analysts have set an average price target of $186.92 for NRG Energy, with multiple firms rating the stock as a "Buy" or "Strong Buy".
• NRG reported a net margin of 1.78% and revenue of $6.74 billion for the last quarter, slightly missing earnings estimates.

OMERS ADMINISTRATION Corp increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 173.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,401 shares of the utilities provider's stock after buying an additional 16,109 shares during the period. OMERS ADMINISTRATION Corp's holdings in NRG Energy were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after acquiring an additional 6,049,247 shares during the period. Boston Partners grew its position in shares of NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after purchasing an additional 1,771,829 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 316,445 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in NRG Energy by 33.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after purchasing an additional 372,618 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 purchasing an additional 182,438 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG Energy stock traded up $1.20 during trading hours on Wednesday, reaching $146.31. The company's stock had a trading volume of 866,055 shares, compared to its average volume of 3,147,233. 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 one year low of $76.13 and a one year high of $175.96. The company's 50 day simple moving average is $154.04 and its 200 day simple moving average is $131.32. The stock has a market cap of $28.30 billion, a P/E ratio of 66.17, a price-to-earnings-growth ratio of 1.19 and a beta of 1.17.

NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $3.37 earnings per share. As a group, analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.2%. NRG Energy's payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NRG. BMO Capital Markets boosted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Raymond James Financial started coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Wells Fargo & Company raised their target price on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Barclays increased their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.92.

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.