Occudo Quantitative Strategies LP Invests $1.08 Million in NRG Energy, Inc. (NYSE:NRG)

Occudo Quantitative Strategies LP bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,968 shares of the utilities provider's stock, valued at approximately $1,080,000.

Several other hedge funds also recently bought and sold shares of NRG. Schechter Investment Advisors LLC increased its position in shares of NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. increased its position in shares of NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after acquiring an additional 125 shares during the period. Grove Bank & Trust increased its position in shares of NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares during the period. Hanseatic Management Services Inc. increased its position in shares of NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after acquiring an additional 133 shares during the period. Finally, Impact Partnership Wealth LLC increased its position in shares of NRG Energy by 3.1% during the fourth quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock worth $406,000 after acquiring an additional 137 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 2.7%

NRG traded up $4.16 during trading on Friday, hitting $159.18. The stock had a trading volume of 6,988,223 shares, compared to its average volume of 3,031,227. The company has a market capitalization of $32.42 billion, a PE ratio of 40.00, a PEG ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $159.24. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a 50 day simple moving average of $105.92 and a two-hundred day simple moving average of $100.98.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating the consensus estimate of $0.72 by $1.90. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. NRG Energy's revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $2.31 earnings per share. On average, research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.11%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NRG. Wells Fargo & Company increased their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Morgan Stanley increased their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.75.

About NRG Energy

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.