Two Sigma Investments LP Has $38.66 Million Position in NRG Energy, Inc. (NYSE:NRG)

Two Sigma Investments LP cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 53.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 428,489 shares of the utilities provider's stock after selling 497,821 shares during the period. Two Sigma Investments LP owned 0.21% of NRG Energy worth $38,658,000 as of its most recent filing with the SEC.

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

NRG Energy Trading Down 1.0%

NRG stock opened at $159.63 on Wednesday. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $161.78. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The business's 50 day moving average is $108.67 and its 200-day moving average is $102.07. The firm has a market cap of $31.21 billion, a P/E ratio of 40.11, a P/E/G ratio of 1.01 and a beta of 1.00.

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 analysts' consensus estimates of $0.72 by $1.90. The firm 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%. The business's revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Jefferies Financial Group boosted their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company raised their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and an average price target 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.

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