11,900 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Polianta Ltd

Polianta Ltd acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,900 shares of the utilities provider's stock, valued at approximately $1,135,000.

Several other hedge funds also recently made changes to their positions in the company. Banco Santander S.A. lifted its position in NRG Energy by 0.3% during the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after acquiring an additional 7,500 shares during the period. Northern Trust Corp lifted its holdings 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 worth $205,943,000 after purchasing an additional 316,445 shares during the period. Appaloosa LP grew its position 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 buying an additional 815,180 shares during the last quarter. Russell Investments Group Ltd. increased its stake in NRG Energy by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after buying an additional 56,944 shares during the period. Finally, Prudential Financial Inc. raised its position in NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after buying an additional 41,094 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NRG stock traded up $0.81 during midday trading on Friday, hitting $151.81. 2,257,409 shares of the stock were exchanged, compared to its average volume of 2,989,128. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $162.33. The stock's 50-day moving average price is $128.72 and its 200-day moving average price is $109.27.

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

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.16%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NRG. Morgan Stanley boosted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Raymond James began coverage on NRG Energy in a research note on Friday. They set a "strong-buy" rating and a $195.00 target price for the company. Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Finally, Guggenheim raised their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $146.78.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was 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 now owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company's stock.

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.