Quantinno Capital Management LP raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,434 shares of the utilities provider's stock after acquiring an additional 12,169 shares during the quarter. Quantinno Capital Management LP's holdings in NRG Energy were worth $6,715,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in NRG. SBI Securities Co. Ltd. bought a new position in NRG Energy during the 4th quarter valued at $32,000. Mizuho Bank Ltd. bought a new position in shares of NRG Energy during the fourth quarter worth about $41,000. UMB Bank n.a. grew its stake in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. Princeton Global Asset Management LLC increased 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 valued at $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after buying an additional 347 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.
NRG Energy Price Performance
NYSE NRG traded down $1.61 on Tuesday, reaching $159.63. The company's stock had a trading volume of 3,481,513 shares, compared to its average volume of 3,032,154. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.91. 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 firm's 50 day moving average is $107.30 and its two-hundred day moving average is $101.66. The stock has a market cap of $31.21 billion, a PE ratio of 40.11, 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 for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.
NRG Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.10%. NRG Energy's payout ratio is presently 28.39%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NRG. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Morgan Stanley raised their price target 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. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Wells Fargo & Company lifted 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, May 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $140.75.
View Our Latest Report on NRG Energy
About NRG Energy
(
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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