Marshall Wace North America L.P. lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 75.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 431,052 shares of the utilities provider’s stock after selling 1,340,648 shares during the period. Marshall Wace North America L.P. owned approximately 0.14% of NRG Energy worth $7,328,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Elkfork Partners LLC increased its stake in shares of NRG Energy by 3.1% in the first quarter. Elkfork Partners LLC now owns 86,800 shares of the utilities provider’s stock valued at $1,623,000 after buying an additional 2,604 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of NRG Energy by 0.6% in the first quarter. New Mexico Educational Retirement Board now owns 32,062 shares of the utilities provider’s stock valued at $600,000 after buying an additional 200 shares during the last quarter. Capital Fund Management S.A. increased its stake in shares of NRG Energy by 1,540.6% in the first quarter. Capital Fund Management S.A. now owns 793,652 shares of the utilities provider’s stock valued at $14,841,000 after buying an additional 745,277 shares during the last quarter. First Trust Advisors LP increased its stake in shares of NRG Energy by 142.9% in the first quarter. First Trust Advisors LP now owns 111,627 shares of the utilities provider’s stock valued at $2,087,000 after buying an additional 65,670 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of NRG Energy during the first quarter valued at $369,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NRG Energy, Inc. (NRG) opened at 24.58 on Monday. The firm has a 50 day moving average of $23.83 and a 200-day moving average of $18.76. The stock’s market capitalization is $7.78 billion. NRG Energy, Inc. has a 12 month low of $9.84 and a 12 month high of $26.25.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the business earned ($0.61) earnings per share. NRG Energy’s revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts forecast that NRG Energy, Inc. will post $0.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio is -2.75%.

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Several brokerages recently weighed in on NRG. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Barclays PLC reaffirmed 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. ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Williams Capital began coverage on shares of NRG Energy in a research note on Thursday, June 1st. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. NRG Energy presently has a consensus rating of “Buy” and an average target price 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.

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

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