American International Group Inc. raised its holdings in NRG Energy Inc (NYSE:NRG) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,309 shares of the utilities provider’s stock after acquiring an additional 7,836 shares during the quarter. American International Group Inc.’s holdings in NRG Energy were worth $5,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in NRG Energy by 6.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,368 shares of the utilities provider’s stock valued at $986,000 after acquiring an additional 1,487 shares during the last quarter. State of Alaska Department of Revenue grew its position in NRG Energy by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 52,923 shares of the utilities provider’s stock valued at $1,978,000 after acquiring an additional 1,533 shares during the last quarter. Arizona State Retirement System grew its position in NRG Energy by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 75,206 shares of the utilities provider’s stock valued at $2,813,000 after acquiring an additional 1,729 shares during the last quarter. State Treasurer State of Michigan grew its position in NRG Energy by 2.0% in the 3rd quarter. State Treasurer State of Michigan now owns 90,368 shares of the utilities provider’s stock valued at $3,380,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in NRG Energy by 18.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 1,900 shares during the last quarter. 97.51% of the stock is currently owned by institutional investors.

In other news, EVP Christopher Moser sold 43,975 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $35.11, for a total transaction of $1,543,962.25. Following the transaction, the executive vice president now owns 61,075 shares of the company’s stock, valued at approximately $2,144,343.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $35.84, for a total value of $881,664.00. Following the transaction, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

NRG opened at $40.56 on Friday. NRG Energy Inc has a 12-month low of $23.75 and a 12-month high of $40.56. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.42 and a current ratio of 1.57. The firm has a market cap of $11.55 billion, a PE ratio of 37.21 and a beta of 1.05.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the company posted $0.60 EPS. NRG Energy’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that NRG Energy Inc will post 3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, October 31st. NRG Energy’s payout ratio is 11.01%.

NRG has been the topic of several research analyst reports. ValuEngine raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Macquarie upped their price objective on NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. Bank of America upped their price objective on NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research downgraded NRG Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, SunTrust Banks upped their price objective on NRG Energy from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and a consensus price target of $38.17.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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