UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 182,438 Shares of NRG Energy, Inc. (NYSE:NRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,223,591 shares of the utilities provider's stock after purchasing an additional 182,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.60% of NRG Energy worth $110,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NRG. Banco Santander S.A. grew its holdings 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 valued at $255,142,000 after purchasing an additional 7,500 shares in the last quarter. Northern Trust Corp grew its holdings in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Appaloosa LP grew its holdings in NRG Energy by 81.5% during 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after acquiring an additional 56,944 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings 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 acquiring an additional 41,094 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NRG shares. Morgan Stanley raised 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 report on Wednesday, February 19th. Guggenheim boosted their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of "Moderate Buy" and a consensus price target of $140.75.

NRG Energy Stock Down 1.3%

Shares of NYSE:NRG traded down $2.01 during trading on Thursday, reaching $154.06. 1,380,075 shares of the company traded hands, compared to its average volume of 3,013,438. The firm has a fifty day simple moving average of $115.75 and a 200 day simple moving average of $104.64. The firm has a market cap of $30.12 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $161.78. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

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

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, May 1st. NRG Energy's payout ratio is presently 28.39%.

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.