Advisor Group Holdings Inc. boosted its stake in NRG Energy, Inc. (NYSE:NRG – Get Rating) by 46.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 166,963 shares of the utilities provider's stock after acquiring an additional 53,071 shares during the quarter. Advisor Group Holdings Inc. owned 0.07% of NRG Energy worth $6,234,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV boosted its stake in NRG Energy by 1.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 28,293 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 267 shares during the last quarter. McIlrath & Eck LLC boosted its stake in NRG Energy by 12.2% during the 4th quarter. McIlrath & Eck LLC now owns 2,634 shares of the utilities provider's stock worth $113,000 after purchasing an additional 287 shares during the last quarter. Capital Analysts LLC boosted its stake in NRG Energy by 58.1% during the 4th quarter. Capital Analysts LLC now owns 800 shares of the utilities provider's stock worth $34,000 after purchasing an additional 294 shares during the last quarter. CWM LLC boosted its stake in NRG Energy by 70.5% during the 1st quarter. CWM LLC now owns 757 shares of the utilities provider's stock worth $29,000 after purchasing an additional 313 shares during the last quarter. Finally, GYL Financial Synergies LLC boosted its stake in NRG Energy by 2.9% during the 4th quarter. GYL Financial Synergies LLC now owns 11,098 shares of the utilities provider's stock worth $478,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 97.43% of the company's stock.
Get NRG Energy alerts:Analyst Ratings Changes
Several research analysts have recently commented on the company. Bank of America lowered NRG Energy from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $43.00 to $42.00 in a report on Tuesday, June 7th. Morgan Stanley boosted their price objective on shares of NRG Energy from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $43.00.
NRG Energy Price Performance
NRG Energy stock opened at $38.46 on Friday. NRG Energy, Inc. has a 12 month low of $34.70 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.35. The business has a 50 day simple moving average of $39.06 and a 200-day simple moving average of $39.31. The stock has a market capitalization of $9.13 billion, a PE ratio of 2.71, a price-to-earnings-growth ratio of 0.46 and a beta of 0.88.NRG Energy (NYSE:NRG – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $1.36. The firm had revenue of $7.28 billion during the quarter, compared to analysts' expectations of $5.27 billion. NRG Energy had a return on equity of 33.75% and a net margin of 11.93%. NRG Energy's revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. Equities analysts predict that NRG Energy, Inc. will post 6.17 earnings per share for the current year.
NRG Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, July 29th. NRG Energy's payout ratio is 9.87%.
NRG Energy Profile
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NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.
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