NRG Energy, Inc. (NYSE:NRG) Holdings Raised by Redwood Investment Management LLC

Redwood Investment Management LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,761 shares of the utilities provider's stock after purchasing an additional 2,275 shares during the period. Redwood Investment Management LLC's holdings in NRG Energy were worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NRG. ProShare Advisors LLC increased its holdings in NRG Energy by 2.2% during the 4th quarter. ProShare Advisors LLC now owns 46,766 shares of the utilities provider's stock worth $4,219,000 after purchasing an additional 1,000 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of NRG Energy by 19.5% in the fourth quarter. Quantinno Capital Management LP now owns 74,434 shares of the utilities provider's stock worth $6,715,000 after buying an additional 12,169 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in NRG Energy in the fourth quarter valued at $270,000. OMERS ADMINISTRATION Corp boosted its stake in NRG Energy by 18.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,292 shares of the utilities provider's stock valued at $838,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in NRG Energy during the 4th quarter worth $1,080,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG stock traded up $2.02 during mid-day trading on Monday, reaching $161.22. The company had a trading volume of 2,826,803 shares, compared to its average volume of 3,031,088. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $161.86. The stock has a market capitalization of $31.52 billion, a P/E ratio of 40.51, a P/E/G 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 stock's 50-day simple moving average is $105.92 and its two-hundred day simple moving average is $101.14.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.59 billion for 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 quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 EPS. Research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. NRG Energy's dividend payout ratio is presently 28.39%.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price 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. Jefferies Financial Group upped their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Guggenheim boosted their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NRG Energy 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.