Todd Asset Management LLC Has $24.96 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Todd Asset Management LLC increased its stake in NRG Energy by 4.1%, acquiring an additional 10,193 shares, bringing its total holdings to 261,483 shares valued at $24.96 million.
• Goldman Sachs Group Inc. significantly raised its stake in NRG Energy by 468.4%, now owning approximately 4.76 million shares valued at $454.17 million.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, equating to an annualized dividend of $1.76 with a yield of 1.2%.

Todd Asset Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,483 shares of the utilities provider's stock after acquiring an additional 10,193 shares during the period. Todd Asset Management LLC owned about 0.13% of NRG Energy worth $24,961,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NRG. Nuveen LLC purchased a new stake in NRG Energy during the 1st quarter worth $93,075,000. Cooper Financial Group increased its stake in NRG Energy by 5.8% during the 1st quarter. Cooper Financial Group now owns 7,353 shares of the utilities provider's stock worth $702,000 after buying an additional 406 shares during the period. Atlas Capital Advisors Inc. increased its stake in NRG Energy by 23.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 8,197 shares of the utilities provider's stock worth $782,000 after buying an additional 1,565 shares during the period. Sierra Summit Advisors LLC increased its stake in NRG Energy by 8.9% during the 1st quarter. Sierra Summit Advisors LLC now owns 18,539 shares of the utilities provider's stock worth $1,770,000 after buying an additional 1,512 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in NRG Energy by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 39,145 shares of the utilities provider's stock worth $3,737,000 after buying an additional 320 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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. Raymond James Financial started coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. BMO Capital Markets upped their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and a consensus price target of $162.70.

NRG Energy Trading Up 3.2%

NRG Energy stock traded up $4.84 during midday trading on Tuesday, reaching $156.87. The stock had a trading volume of 2,409,800 shares, compared to its average volume of 3,407,810. The firm's fifty day simple moving average is $155.52 and its two-hundred day simple moving average is $126.66. NRG Energy, Inc. has a twelve month low of $76.13 and a twelve month high of $175.96. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 1.28 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the business posted $3.37 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Insider Buying and Selling

In related news, Director Kevin Howell sold 50,000 shares of the firm'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 owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.