IFM Investors Pty Ltd lifted its stake in shares of NRG Energy Inc (NYSE:NRG) by 76.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,671 shares of the utilities provider’s stock after purchasing an additional 13,264 shares during the quarter. IFM Investors Pty Ltd’s holdings in NRG Energy were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of NRG Energy during the 2nd quarter valued at approximately $26,000. Valeo Financial Advisors LLC grew its holdings in shares of NRG Energy by 758.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 807 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 713 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in NRG Energy during the 2nd quarter worth approximately $34,000. Garrett Wealth Advisory Group LLC bought a new stake in NRG Energy during the 3rd quarter worth approximately $40,000. Finally, CSat Investment Advisory L.P. grew its holdings in NRG Energy by 128.2% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,312 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 737 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.
Shares of NYSE:NRG traded down $1.60 during trading on Friday, reaching $38.44. The stock had a trading volume of 6,265,501 shares, compared to its average volume of 3,179,144. The firm’s fifty day moving average is $39.72 and its 200 day moving average is $36.96. NRG Energy Inc has a 52 week low of $32.63 and a 52 week high of $43.66. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 0.27 and a beta of 0.79.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.88 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.22). NRG Energy had a net margin of 6.20% and a negative return on equity of 45.11%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that NRG Energy Inc will post 3.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Thursday, October 31st. NRG Energy’s dividend payout ratio is currently 4.98%.
A number of research firms have weighed in on NRG. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, August 20th. SunTrust Banks boosted their target price on shares of NRG Energy from $37.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Citigroup boosted their target price on shares of NRG Energy from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 18th. ValuEngine raised shares of NRG Energy from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. Finally, Morgan Stanley boosted their target price on shares of NRG Energy from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. NRG Energy presently has an average rating of “Buy” and a consensus price target of $46.43.
NRG Energy Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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