Commonwealth Bank of Australia decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 49.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,100 shares of the utilities provider’s stock after selling 29,700 shares during the quarter. Commonwealth Bank of Australia’s holdings in NRG Energy were worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ING Groep NV raised its stake in NRG Energy by 0.4% during the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 65 shares in the last quarter. Arizona State Retirement System raised its stake in NRG Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock worth $1,350,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 200 shares in the last quarter. Sentry Investment Management LLC raised its stake in NRG Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 243 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in NRG Energy by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 25,361 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 479 shares in the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on NRG. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Bank of America started coverage on NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.67.

In other NRG Energy news, Director Barry T. Smitherman purchased 2,541 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $28.38 per share, for a total transaction of $72,113.58. Following the acquisition, the director now owns 49,000 shares of the company’s stock, valued at $1,390,620. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

NRG Energy, Inc. (NRG) traded down $0.03 during trading hours on Thursday, reaching $27.29. 3,730,600 shares of the company’s stock were exchanged, compared to its average volume of 6,148,587. The firm has a market cap of $8,650.65, a P/E ratio of 20.24 and a beta of 1.28. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. NRG Energy, Inc. has a twelve month low of $11.80 and a twelve month high of $29.78.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.51). The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 EPS. research analysts expect that NRG Energy, Inc. will post 0.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, October 31st. NRG Energy’s payout ratio is -2.35%.

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

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