Short Interest in NRG Energy Inc (NRG) Drops By 28.3%

NRG Energy Inc (NYSE:NRG) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 16,827,857 shares, a decline of 28.3% from the January 12th total of 23,456,377 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average daily volume of 6,352,086 shares, the days-to-cover ratio is presently 2.6 days.

NRG has been the topic of several analyst reports. Bank of America initiated coverage on NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price objective on the stock. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and set a $25.00 price objective on shares of NRG Energy in a report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.67.

Shares of NRG Energy (NYSE NRG) opened at $24.72 on Tuesday. NRG Energy has a twelve month low of $14.52 and a twelve month high of $29.78. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. The firm has a market capitalization of $7,830.00, a P/E ratio of -9.81 and a beta of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.03 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio (DPR) is -4.76%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $299,000. Eaton Vance Management bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $1,571,000. OppenheimerFunds Inc. increased its holdings in shares of NRG Energy by 5.8% in the 4th quarter. OppenheimerFunds Inc. now owns 1,748,993 shares of the utilities provider’s stock valued at $49,811,000 after acquiring an additional 96,399 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of NRG Energy by 13.5% in the 4th quarter. State of Tennessee Treasury Department now owns 229,129 shares of the utilities provider’s stock valued at $6,526,000 after acquiring an additional 27,329 shares during the last quarter. Finally, Timber Hill LLC bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $741,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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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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