NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,434 shares of the utilities provider’s stock after purchasing an additional 12,169 shares during the period. Quantinno Capital Management LP’s holdings in NRG Energy were worth $6,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in NRG Energy in the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at approximately $41,000. UMB Bank n.a. lifted its holdings in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 347 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 2.7%

NYSE:NRG opened at $159.18 on Friday. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $159.24. The stock’s fifty day moving average is $105.92 and its two-hundred day moving average is $100.98. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the prior year, the company earned $2.31 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. Guggenheim upped their price objective on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective on the stock. BMO Capital Markets restated a “market perform” rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a research note on Wednesday. Finally, Morgan Stanley upped their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.75.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.