Qube Research & Technologies Ltd Takes $13.95 Million Position in NRG Energy, Inc. (NYSE:NRG)

Qube Research & Technologies Ltd bought a new stake in NRG Energy, Inc. (NYSE:NRGGet Rating) during the first quarter, HoldingsChannel reports. The firm bought 363,523 shares of the utilities provider’s stock, valued at approximately $13,945,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rational Advisors LLC boosted its holdings in shares of NRG Energy by 150.9% in the fourth quarter. Rational Advisors LLC now owns 577 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 347 shares in the last quarter. CWM LLC boosted its holdings in NRG Energy by 70.5% during the first quarter. CWM LLC now owns 757 shares of the utilities provider’s stock worth $29,000 after buying an additional 313 shares in the last quarter. Capital Analysts LLC boosted its stake in NRG Energy by 58.1% in 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 period. MBM Wealth Consultants LLC boosted its stake in NRG Energy by 43.3% in the 4th quarter. MBM Wealth Consultants LLC now owns 1,479 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 447 shares during the period. Finally, Covestor Ltd acquired a new position in NRG Energy in the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 97.43% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of NRG Energy from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, July 21st. Bank of America downgraded shares of NRG Energy from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $43.00 to $42.00 in a research report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.00.

NRG Energy Stock Down 1.7 %

NRG Energy stock opened at $38.46 on Friday. The company has a market capitalization of $9.13 billion, a P/E ratio of 2.71, a P/E/G ratio of 0.46 and a beta of 0.88. The firm’s fifty day simple moving average is $39.06 and its 200-day simple moving average is $39.31. The company has a current ratio of 1.29, a quick ratio of 1.35 and a debt-to-equity ratio of 1.50. NRG Energy, Inc. has a 1-year low of $34.70 and a 1-year high of $47.82.

NRG Energy (NYSE:NRGGet Rating) last released its quarterly earnings results on Thursday, August 4th. The utilities provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $1.36. The business had revenue of $7.28 billion for the quarter, compared to the consensus estimate of $5.27 billion. NRG Energy had a net margin of 11.93% and a return on equity of 33.75%. NRG Energy’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Sell-side analysts forecast that NRG Energy, Inc. will post 6.17 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a $0.35 dividend. The ex-dividend date is Friday, July 29th. This represents a $1.40 annualized dividend and a yield of 3.64%. NRG Energy’s dividend payout ratio (DPR) is presently 9.87%.

NRG Energy Company Profile

(Get Rating)

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

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