Pennant Investors LP decreased its holdings in NRG Energy Inc (NYSE:NRG) by 88.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,000 shares of the utilities provider’s stock after selling 371,000 shares during the quarter. NRG Energy accounts for about 0.9% of Pennant Investors LP’s investment portfolio, making the stock its 15th largest position. Pennant Investors LP’s holdings in NRG Energy were worth $2,124,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NRG. FMR LLC grew its position in NRG Energy by 29.3% in the fourth quarter. FMR LLC now owns 18,293,260 shares of the utilities provider’s stock worth $724,413,000 after buying an additional 4,150,186 shares during the last quarter. Two Sigma Advisers LP grew its position in NRG Energy by 141.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,511,494 shares of the utilities provider’s stock worth $139,055,000 after buying an additional 2,058,557 shares during the last quarter. Two Sigma Investments LP grew its position in NRG Energy by 870.4% in the fourth quarter. Two Sigma Investments LP now owns 2,068,071 shares of the utilities provider’s stock worth $81,896,000 after buying an additional 1,854,960 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in NRG Energy by 3,810.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock worth $32,000 after buying an additional 1,249,537 shares during the last quarter. Finally, BlackRock Inc. grew its position in NRG Energy by 5.8% in the fourth quarter. BlackRock Inc. now owns 19,705,439 shares of the utilities provider’s stock worth $780,337,000 after buying an additional 1,079,801 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.
NYSE NRG remained flat at $$34.55 on Wednesday. 1,084,016 shares of the company’s stock traded hands, compared to its average volume of 3,518,702. NRG Energy Inc has a 12-month low of $29.90 and a 12-month high of $43.66. The stock has a market cap of $9.28 billion, a PE ratio of 14.33 and a beta of 0.87.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). NRG Energy had a negative return on equity of 125.35% and a net margin of 4.64%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts expect that NRG Energy Inc will post 4.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Tuesday, April 30th. NRG Energy’s payout ratio is 4.98%.
Several research analysts have issued reports on NRG shares. Macquarie set a $48.00 price target on shares of NRG Energy and gave the stock a “buy” rating in a research report on Friday, March 1st. Citigroup lifted their price objective on shares of NRG Energy from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank set a $43.00 price objective on shares of NRG Energy and gave the stock a “hold” rating in a research report on Friday, March 1st. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price objective on shares of NRG Energy in a research report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. NRG Energy has an average rating of “Hold” and an average price target of $43.57.
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About NRG Energy
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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