Janus Henderson Group PLC Grows Stake in NRG Energy, Inc. (NYSE:NRG)

Janus Henderson Group PLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 685,359 shares of the utilities provider's stock after purchasing an additional 16,383 shares during the quarter. Janus Henderson Group PLC owned approximately 0.34% of NRG Energy worth $61,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the 4th quarter valued at $32,000. Mizuho Bank Ltd. bought a new stake in NRG Energy during the fourth quarter valued at about $41,000. UMB Bank n.a. boosted its position in NRG Energy by 100.4% during the fourth 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. Princeton Global Asset Management LLC boosted its holdings in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 2.7%

NYSE NRG traded up $4.16 during trading hours on Friday, hitting $159.18. 6,988,223 shares of the company were exchanged, compared to its average volume of 3,031,227. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $159.24. The firm has a market cap of $32.42 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 1.01 and a beta of 1.00. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a 50 day moving average of $105.92 and a two-hundred day moving average of $100.98.

NRG Energy (NYSE:NRG - Get Free Report) last released 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. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. NRG Energy's payout ratio is 28.39%.

Analysts Set New Price Targets

A number of research firms recently commented on NRG. Jefferies Financial Group lifted their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company boosted their price target on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Morgan Stanley upped their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.75.

NRG Energy 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.