United Fire Group Inc. Has $168,000 Stake in NRG Energy, Inc. (NRG)
United Fire Group Inc. held its position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,768 shares of the utilities provider’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in NRG Energy were worth $168,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in NRG Energy during the first quarter valued at about $141,000. Edmond DE Rothschild Holding S.A. purchased a new stake in NRG Energy during the first quarter valued at about $194,000. Campbell & CO Investment Adviser LLC purchased a new stake in NRG Energy during the second quarter valued at about $186,000. Thrivent Financial for Lutherans raised its stake in NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock valued at $134,000 after buying an additional 680 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in NRG Energy by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock valued at $216,000 after buying an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.
NRG Energy, Inc. (NYSE:NRG) opened at 24.39 on Friday. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $25.68. The company’s 50-day moving average is $21.42 and its 200 day moving average is $18.06. The company’s market cap is $7.72 billion.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.61) EPS. Equities analysts forecast that NRG Energy, Inc. will post $0.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio is currently -2.75%.
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NRG has been the subject of several recent analyst reports. Barclays PLC reiterated an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of NRG Energy in a research note on Sunday, April 23rd. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Williams Capital initiated coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. Finally, ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. NRG Energy presently has an average rating of “Buy” and an average price target of $21.13.
NRG Energy Company 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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