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Vise Technologies Inc. Has $665,000 Position in NRG Energy, Inc. (NYSE:NRG)

NRG Energy logo with Utilities background

Vise Technologies Inc. raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 178.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,366 shares of the utilities provider's stock after purchasing an additional 4,724 shares during the quarter. Vise Technologies Inc.'s holdings in NRG Energy were worth $665,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. Janney Montgomery Scott LLC increased its position in NRG Energy by 34.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider's stock worth $1,181,000 after buying an additional 3,329 shares during the last quarter. Brighton Jones LLC raised its holdings in NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after buying an additional 1,528 shares in the last quarter. Affinity Wealth Management LLC lifted its position in shares of NRG Energy by 7.8% in the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock worth $3,857,000 after buying an additional 3,084 shares during the last quarter. Finally, PFG Investments LLC lifted its position in shares of NRG Energy by 2.5% in the fourth quarter. PFG Investments LLC now owns 8,433 shares of the utilities provider's stock worth $761,000 after buying an additional 205 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Guggenheim boosted their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

View Our Latest Research Report on NRG Energy

NRG Energy Stock Down 1.1%

NRG stock traded down $1.73 during midday trading on Thursday, hitting $154.33. The company's stock had a trading volume of 3,948,275 shares, compared to its average volume of 3,023,444. The company's fifty day moving average price is $115.75 and its 200 day moving average price is $104.64. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.78. The stock has a market capitalization of $30.17 billion, a P/E ratio of 38.78, a PEG ratio of 1.01 and a beta of 1.00.

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 for the quarter, compared to analysts' expectations of $8.28 billion. During the same period in the prior year, the firm earned $2.31 EPS. NRG Energy's quarterly revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

NRG Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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