Blue Sky Asset Management LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 59,100 shares of the utilities provider’s stock, valued at approximately $1,018,000.
A number of other hedge funds also recently made changes to their positions in NRG. Ameritas Investment Partners Inc. bought a new stake in shares of NRG Energy during the first quarter valued at about $141,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of NRG Energy during the fourth quarter valued at about $125,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of NRG Energy during the first quarter valued at about $194,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of NRG Energy during the second quarter valued at about $186,000. Finally, Thrivent Financial for Lutherans increased its stake 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 valued at $134,000 after buying an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Shares of NRG Energy, Inc. (NYSE:NRG) traded up 2.06% during trading on Friday, hitting $25.77. 5,441,127 shares of the stock traded hands. The company’s market cap is $8.16 billion. The firm has a 50 day moving average price of $22.81 and a 200-day moving average price of $18.45. NRG Energy, Inc. has a one year low of $9.84 and a one year high of $25.99.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the firm posted ($0.61) EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Analysts anticipate that NRG Energy, Inc. will post $0.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. NRG Energy’s payout ratio is -2.75%.
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Several brokerages recently issued reports on NRG. UBS AG upgraded NRG Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $19.00 to $20.00 in a report on Thursday, June 1st. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays PLC reissued an “overweight” rating and issued a $27.00 price objective on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, April 26th. Finally, ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. NRG Energy presently has an average rating of “Buy” and an average price target of $21.13.
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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