RPg Family Wealth Advisory LLC raised its position in shares of NRG Energy Inc (NYSE:NRG) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,651 shares of the utilities provider’s stock after buying an additional 1,456 shares during the period. NRG Energy comprises about 3.3% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 3rd largest holding. RPg Family Wealth Advisory LLC’s holdings in NRG Energy were worth $5,550,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of NRG Energy by 49.8% in the fourth quarter. Advisors Asset Management Inc. now owns 2,985 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 992 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of NRG Energy by 159.4% in the fourth quarter. Dupont Capital Management Corp now owns 6,084 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 3,739 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of NRG Energy in the fourth quarter valued at $209,000. LS Investment Advisors LLC raised its stake in shares of NRG Energy by 37.4% in the fourth quarter. LS Investment Advisors LLC now owns 10,844 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 2,951 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in shares of NRG Energy by 31.2% in the fourth quarter. ClariVest Asset Management LLC now owns 13,776 shares of the utilities provider’s stock valued at $545,000 after acquiring an additional 3,272 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
NRG Energy stock traded down $0.05 during midday trading on Wednesday, reaching $34.50. The company’s stock had a trading volume of 135,680 shares, compared to its average volume of 3,518,702. NRG Energy Inc has a fifty-two week low of $29.90 and a fifty-two week high of $43.66. The stock has a market cap of $9.28 billion, a PE ratio of 14.31 and a beta of 0.87.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). NRG Energy had a net margin of 4.64% and a negative return on equity of 125.35%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that NRG Energy Inc will post 4.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s dividend payout ratio is presently 4.98%.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Monday, May 20th. Citigroup increased their price objective on NRG Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley set a $46.00 price objective on NRG Energy and gave the company a “hold” rating in a research note on Thursday, May 16th. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Macquarie set a $48.00 price objective on NRG Energy and gave the company a “buy” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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