Aviva PLC reduced its position in shares of NRG Energy Inc (NYSE:NRG) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,616 shares of the utilities provider’s stock after selling 7,263 shares during the period. Aviva PLC owned about 0.05% of NRG Energy worth $5,633,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in NRG. FMR LLC grew its holdings in shares of NRG Energy by 27.3% during the third quarter. FMR LLC now owns 14,143,074 shares of the utilities provider’s stock worth $528,952,000 after purchasing an additional 3,032,733 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of NRG Energy by 362.4% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,838,175 shares of the utilities provider’s stock worth $143,547,000 after purchasing an additional 3,008,067 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NRG Energy by 33.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,946,617 shares of the utilities provider’s stock worth $259,803,000 after purchasing an additional 1,748,586 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of NRG Energy by 67.9% during the third quarter. Alliancebernstein L.P. now owns 3,881,049 shares of the utilities provider’s stock worth $145,151,000 after purchasing an additional 1,569,817 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of NRG Energy by 45.4% during the second quarter. Bank of New York Mellon Corp now owns 3,002,481 shares of the utilities provider’s stock worth $92,177,000 after purchasing an additional 937,092 shares during the last quarter. Institutional investors own 97.51% of the company’s stock.
In related news, EVP Christopher Moser sold 43,975 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $35.11, for a total value of $1,543,962.25. Following the sale, the executive vice president now directly owns 61,075 shares in the company, valued at $2,144,343.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $35.84, for a total value of $881,664.00. Following the completion of the sale, the executive vice president now owns 106,125 shares in the company, valued at $3,803,520. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. SunTrust Banks boosted their price target on NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Macquarie boosted their price target on NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, September 20th. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Bank of America upped their target price on NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. NRG Energy presently has an average rating of “Buy” and an average price target of $38.17.
Shares of NRG stock opened at $40.53 on Friday. NRG Energy Inc has a one year low of $23.75 and a one year high of $41.29. The company has a market capitalization of $11.55 billion, a P/E ratio of 37.18 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 7.16.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 8th. The utilities provider reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.18). NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NRG Energy Inc will post 3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.30%. The ex-dividend date was Wednesday, October 31st. NRG Energy’s payout ratio is presently 11.01%.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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