Zimmer Partners LP trimmed its holdings in NRG Energy Inc (NYSE:NRG) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,000,000 shares of the utilities provider’s stock after selling 25,000 shares during the quarter. Zimmer Partners LP owned 0.32% of NRG Energy worth $28,480,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of NRG. Raymond James Financial Services Advisors Inc. bought a new stake in NRG Energy during the 3rd quarter valued at $245,000. State of Wisconsin Investment Board raised its holdings in NRG Energy by 4.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 96,652 shares of the utilities provider’s stock valued at $2,473,000 after buying an additional 4,180 shares during the last quarter. Sei Investments Co. raised its holdings in NRG Energy by 61.9% during the 3rd quarter. Sei Investments Co. now owns 62,685 shares of the utilities provider’s stock valued at $1,604,000 after buying an additional 23,971 shares during the last quarter. Retirement Systems of Alabama raised its holdings in NRG Energy by 110.2% during the 3rd quarter. Retirement Systems of Alabama now owns 322,074 shares of the utilities provider’s stock valued at $8,242,000 after buying an additional 168,817 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in NRG Energy during the 3rd quarter valued at $226,000. Institutional investors own 97.31% of the company’s stock.
NRG Energy Inc (NYSE NRG) opened at $30.13 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of 7.99. The stock has a market cap of $9,494.20, a price-to-earnings ratio of -4.41 and a beta of 1.10. NRG Energy Inc has a 1 year low of $14.52 and a 1 year high of $30.24.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, January 31st. NRG Energy’s payout ratio is currently -1.76%.
NRG Energy declared that its Board of Directors has initiated a share buyback plan on Thursday, March 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
A number of research firms recently commented on NRG. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet lowered shares of NRG Energy from a “c” rating to a “d+” rating in a report on Thursday, March 1st. Finally, UBS Group began coverage on shares of NRG Energy in a report on Friday, February 23rd. They set a “buy” rating and a $33.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $26.88.
NRG Energy Company Profile
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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