Meiji Yasuda Life Insurance Co decreased its position in NRG Energy Inc (NYSE:NRG) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,620 shares of the utilities provider’s stock after selling 1,270 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in NRG Energy were worth $451,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. GWM Advisors LLC lifted its holdings in shares of NRG Energy by 49.8% during the 1st quarter. GWM Advisors LLC now owns 77,869 shares of the utilities provider’s stock worth $3,308,000 after acquiring an additional 25,890 shares during the period. Neuburgh Advisers LLC lifted its stake in NRG Energy by 54.4% in the first quarter. Neuburgh Advisers LLC now owns 86,096 shares of the utilities provider’s stock valued at $3,657,000 after buying an additional 30,352 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of NRG Energy by 1.2% in the first quarter. Wealthfront Advisers LLC now owns 28,607 shares of the utilities provider’s stock worth $1,215,000 after purchasing an additional 347 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of NRG Energy in the first quarter worth $8,301,000. Finally, Lazard Asset Management LLC raised its position in NRG Energy by 451.4% during the first quarter. Lazard Asset Management LLC now owns 158,517 shares of the utilities provider’s stock worth $6,733,000 after acquiring an additional 129,767 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
NRG stock opened at $34.48 on Friday. NRG Energy Inc has a twelve month low of $29.90 and a twelve month high of $43.66. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 14.31 and a beta of 0.87.
NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that NRG Energy Inc will post 4.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.35%. NRG Energy’s dividend payout ratio is presently 4.98%.
Several equities analysts have commented on NRG shares. Deutsche Bank set a $43.00 price objective on shares of NRG Energy and gave the company a “hold” rating in a report on Friday, March 1st. Macquarie set a $48.00 target price on shares of NRG Energy and gave the stock a “buy” rating in a report on Friday, March 1st. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research lowered shares of NRG Energy from a “strong-buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a report on Monday, May 27th. Finally, Morgan Stanley set a $46.00 price objective on shares of NRG Energy and gave the company a “hold” rating in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.57.
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NRG Energy Company 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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