NRG Energy, Inc. (NRG) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,260 shares of the utilities provider’s stock after buying an additional 9,176 shares during the quarter. Pacer Advisors Inc.’s holdings in NRG Energy were worth $1,363,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans raised its position in shares of NRG Energy by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 640 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of NRG Energy by 13.8% during the 2nd quarter. LS Investment Advisors LLC now owns 12,232 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 1,483 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of NRG Energy by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after acquiring an additional 200 shares in the last quarter. Aperio Group LLC raised its position in shares of NRG Energy by 6.5% during the 2nd quarter. Aperio Group LLC now owns 286,385 shares of the utilities provider’s stock valued at $4,932,000 after acquiring an additional 17,561 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of NRG Energy by 5.0% during the 2nd quarter. US Bancorp DE now owns 38,502 shares of the utilities provider’s stock valued at $663,000 after acquiring an additional 1,827 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.
Shares of NRG Energy, Inc. (NRG) traded down $0.32 on Wednesday, hitting $29.15. The stock had a trading volume of 761,828 shares, compared to its average volume of 6,180,325. The firm has a market capitalization of $9,283.94, a price-to-earnings ratio of 21.72 and a beta of 1.25. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. NRG Energy, Inc. has a 52 week low of $10.75 and a 52 week high of $29.78.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.51). The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. NRG Energy’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. research analysts expect that NRG Energy, Inc. will post 0.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Tuesday, October 31st. NRG Energy’s dividend payout ratio (DPR) is -2.35%.
Several equities research analysts recently issued reports on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Bank of America Corporation assumed coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price on the stock. ValuEngine lowered NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.67.
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In other news, Director Barry T. Smitherman bought 2,541 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $28.38 per share, with a total value of $72,113.58. Following the completion of the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.
NRG Energy 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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