Zurich Insurance Group Ltd FI bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,525 shares of the utilities provider's stock, valued at approximately $14,934,000. Zurich Insurance Group Ltd FI owned approximately 0.08% of NRG Energy at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Boston Partners purchased a new stake in NRG Energy during the fourth quarter valued at approximately $94,346,000. Appaloosa LP raised 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 buying an additional 815,180 shares during the period. Teacher Retirement System of Texas boosted its stake 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 buying an additional 703,481 shares during the period. Raymond James Financial Inc. bought a new position in NRG Energy during the fourth quarter valued at $61,679,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of NRG Energy in the fourth quarter valued at $54,881,000. Institutional investors own 97.72% of the company's stock.
NRG Energy Stock Down 1.0%
Shares of NYSE:NRG opened at $159.63 on Wednesday. The business's 50 day moving average is $108.67 and its 200 day moving average is $102.07. The stock has a market cap of $31.21 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week 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 posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The business's revenue was up 15.6% compared to the same quarter last year. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.
NRG Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. NRG Energy's dividend payout ratio is currently 28.39%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on NRG shares. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised their price target on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Finally, Guggenheim increased their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.75.
Get Our Latest Research Report on NRG Energy
NRG Energy Company 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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