Retirement Systems of Alabama increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 110.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,074 shares of the utilities provider’s stock after purchasing an additional 168,817 shares during the period. Retirement Systems of Alabama owned 0.10% of NRG Energy worth $8,242,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. ING Groep NV raised its stake in NRG Energy by 0.4% during the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock valued at $279,000 after buying an additional 65 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in NRG Energy by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock valued at $260,000 after buying an additional 110 shares in the last quarter. Arizona State Retirement System raised its stake in NRG Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock valued at $1,350,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 200 shares during the last quarter. Finally, Sentry Investment Management LLC grew its holdings in shares of NRG Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 243 shares during the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on NRG shares. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, September 12th. SunTrust Banks restated a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. Bank of America assumed coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. Finally, ValuEngine downgraded NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.67.
Shares of NRG Energy, Inc. (NYSE:NRG) traded down $0.54 during trading hours on Monday, hitting $27.41. The stock had a trading volume of 9,521,102 shares, compared to its average volume of 6,172,009. The firm has a market capitalization of $8,680.00, a P/E ratio of 20.70 and a beta of 1.28. NRG Energy, Inc. has a 12 month low of $11.06 and a 12 month high of $29.78. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.51). NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. research analysts predict that NRG Energy, Inc. will post 0.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, October 31st. NRG Energy’s payout ratio is presently -4.76%.
In related news, Director Barry T. Smitherman bought 2,541 shares of NRG Energy stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the completion of the purchase, the director now owns 49,000 shares in the company, valued at $1,390,620. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.
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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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