221,900 Shares in NRG Energy, Inc. (NRG) Acquired by Highbridge Capital Management LLC
Highbridge Capital Management LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 221,900 shares of the utilities provider’s stock, valued at approximately $5,678,000. Highbridge Capital Management LLC owned about 0.07% of NRG Energy at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Elliott Management Corp grew its stake in shares of NRG Energy by 8.4% in the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock worth $337,512,000 after acquiring an additional 1,526,394 shares during the last quarter. FMR LLC grew its stake in shares of NRG Energy by 8.6% in the second quarter. FMR LLC now owns 7,584,875 shares of the utilities provider’s stock worth $130,612,000 after acquiring an additional 597,957 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of NRG Energy by 20.9% in the third quarter. Janus Henderson Group PLC now owns 6,671,449 shares of the utilities provider’s stock worth $170,723,000 after acquiring an additional 1,154,171 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NRG Energy by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock worth $109,682,000 after acquiring an additional 1,772,966 shares during the last quarter. Finally, Permian Investment Partners LP grew its stake in shares of NRG Energy by 51.0% in the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock worth $102,253,000 after acquiring an additional 2,005,094 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.
Several equities research analysts have recently issued reports on NRG shares. Bank of America started coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. Zacks Investment Research raised NRG Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. Finally, BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.67.
Shares of NRG Energy, Inc. (NYSE:NRG) traded down $0.43 during mid-day trading on Wednesday, reaching $28.70. The company had a trading volume of 4,409,500 shares, compared to its average volume of 6,111,581. The company has a market capitalization of $9,223.78, a PE ratio of 21.58 and a beta of 1.28. NRG Energy, Inc. has a 52-week low of $12.10 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28.
NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.51). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. research analysts anticipate that NRG Energy, Inc. will post 0.56 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.42%. NRG Energy’s payout ratio is presently -2.35%.
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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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