NRG Energy, Inc. $NRG Holdings Lifted by Schroder Investment Management Group

Schroder Investment Management Group raised its position in NRG Energy, Inc. (NYSE:NRG) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,225,329 shares of the utilities provider’s stock after purchasing an additional 86,528 shares during the quarter. Schroder Investment Management Group’s holdings in NRG Energy were worth $198,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quent Capital LLC bought a new position in NRG Energy in the 3rd quarter worth approximately $25,000. Atlantic Union Bankshares Corp raised its stake in NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 85 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in NRG Energy during the 2nd quarter valued at $35,000. Zions Bancorporation National Association UT boosted its position in NRG Energy by 32.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 93 shares during the period. Finally, First Horizon Corp bought a new position in shares of NRG Energy in the third quarter worth $67,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 0.7%

NRG Energy stock opened at $155.44 on Tuesday. The firm has a market cap of $33.30 billion, a price-to-earnings ratio of 39.45 and a beta of 1.26. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $189.96. The firm’s 50 day moving average price is $159.73 and its two-hundred day moving average price is $161.69. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 earnings per share. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s dividend payout ratio (DPR) is 48.22%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $225.00 price objective on shares of NRG Energy in a research note on Monday, February 23rd. Morgan Stanley set a $153.00 target price on shares of NRG Energy in a research note on Tuesday, February 17th. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. UBS Group initiated coverage on shares of NRG Energy in a report on Tuesday, December 9th. They issued a “buy” rating and a $211.00 price objective for the company. Finally, Jefferies Financial Group dropped their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $196.33.

Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 12,383 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total value of $1,938,682.48. Following the completion of the sale, the chief financial officer owned 79,147 shares in the company, valued at approximately $12,391,254.32. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 45,000 shares of NRG Energy stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the transaction, the vice president owned 63,920 shares in the company, valued at approximately $10,147,939.20. The trade was a 41.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 172,556 shares of company stock valued at $27,550,446. 0.61% of the stock is currently owned by corporate insiders.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.