Envestnet Asset Management Inc. boosted its stake in shares of NRG Energy Inc (NYSE:NRG) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 200,677 shares of the utilities provider’s stock after buying an additional 295 shares during the period. Envestnet Asset Management Inc. owned 0.06% of NRG Energy worth $3,752,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of NRG Energy during the first quarter valued at about $141,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of NRG Energy during the fourth quarter worth $125,000. Thrivent Financial for Lutherans raised its position in shares of NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock worth $134,000 after buying an additional 680 shares during the last quarter. Cigna Investments Inc. New bought a new position in shares of NRG Energy during the fourth quarter worth $135,000. Finally, Sciencast Management LP bought a new position in shares of NRG Energy during the fourth quarter worth $145,000. 91.90% of the stock is owned by institutional investors.
Shares of NRG Energy Inc (NYSE:NRG) traded up 3.08% during midday trading on Friday, reaching $15.71. 5,644,200 shares of the company’s stock traded hands. The stock has a 50 day moving average of $16.84 and a 200-day moving average of $15.15. The stock’s market cap is $4.97 billion. NRG Energy Inc has a 12 month low of $9.84 and a 12 month high of $19.07. NRG Energy also was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 11,744 call options on the company. This represents an increase of 464% compared to the average daily volume of 2,084 call options.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.41) by $0.11. NRG Energy had a positive return on equity of 10.15% and a negative net margin of 47.59%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $3.29 billion. On average, equities research analysts forecast that NRG Energy Inc will post $0.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, April 27th. NRG Energy’s dividend payout ratio (DPR) is presently -0.66%.
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A number of brokerages recently weighed in on NRG. Citigroup Inc raised shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, February 24th. Goldman Sachs Group Inc raised shares of NRG Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.00 to $26.00 in a research note on Wednesday, March 29th. Deutsche Bank AG reduced their target price on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Barclays PLC upped their target price on shares of NRG Energy from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Finally, Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. NRG Energy presently has a consensus rating of “Buy” and a consensus target price of $20.50.
In other news, Director John C. Wilder, Jr. purchased 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $17.47 per share, for a total transaction of $20,964,000.00. Following the completion of the acquisition, the director now owns 8,060 shares in the company, valued at $140,808.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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