LMR Partners LLP Has $580,000 Stake in NRG Energy, Inc. (NRG)
LMR Partners LLP increased its position in NRG Energy, Inc. (NYSE:NRG) by 38.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,684 shares of the utilities provider’s stock after buying an additional 9,363 shares during the period. LMR Partners LLP’s holdings in NRG Energy were worth $580,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. IFC Holdings Incorporated FL bought a new position in shares of NRG Energy during the second quarter worth approximately $504,000. Rhumbline Advisers increased its position in shares of NRG Energy by 1.8% in the second quarter. Rhumbline Advisers now owns 528,937 shares of the utilities provider’s stock worth $9,108,000 after buying an additional 9,287 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of NRG Energy by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 25,361 shares of the utilities provider’s stock worth $437,000 after buying an additional 479 shares during the last quarter. Arizona State Retirement System increased its position in shares of NRG Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock worth $1,350,000 after buying an additional 200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of NRG Energy by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,714,571 shares of the utilities provider’s stock worth $29,525,000 after buying an additional 69,048 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Shares of NRG Energy, Inc. (NRG) opened at 25.77 on Monday. The firm’s market cap is $8.16 billion. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $25.99. The firm’s 50-day moving average price is $22.81 and its 200 day moving average price is $18.45.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company posted ($0.61) EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that NRG Energy, Inc. will post $0.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, July 28th. NRG Energy’s dividend payout ratio is presently -2.75%.
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A number of brokerages recently commented on NRG. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Barclays PLC reissued an “overweight” rating and set a $27.00 target price on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, July 11th. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Williams Capital initiated coverage on NRG Energy in a research note on Thursday, June 1st. They set a “buy” rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $21.13.
About NRG Energy
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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