Riverhead Capital Management LLC boosted its holdings in shares of NRG Energy Inc (NYSE:NRG) by 52.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,921 shares of the utilities provider’s stock after purchasing an additional 32,304 shares during the period. Riverhead Capital Management LLC’s holdings in NRG Energy were worth $3,990,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in NRG Energy during the 1st quarter valued at about $31,000. Oregon Public Employees Retirement Fund increased its holdings in NRG Energy by 3,810.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 1,249,537 shares during the period. Advisors Preferred LLC purchased a new position in NRG Energy during the 1st quarter valued at about $52,000. Macquarie Group Ltd. increased its holdings in NRG Energy by 320.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,600 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in NRG Energy during the 4th quarter valued at about $91,000. Institutional investors own 97.25% of the company’s stock.
Shares of NRG stock traded up $0.07 during midday trading on Friday, reaching $34.49. 36,149 shares of the stock were exchanged, compared to its average volume of 3,623,841. NRG Energy Inc has a 1 year low of $29.90 and a 1 year high of $43.66. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 14.31 and a beta of 0.87.
NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). NRG Energy had a negative return on equity of 125.35% and a net margin of 4.64%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.87 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Research analysts forecast that NRG Energy Inc will post 4.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.35%. NRG Energy’s dividend payout ratio (DPR) is 4.98%.
NRG has been the topic of a number of research analyst reports. Citigroup upped their target price on NRG Energy from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Macquarie set a $48.00 target price on NRG Energy and gave the stock a “buy” rating in a report on Friday, March 1st. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 target price on shares of NRG Energy in a report on Monday, March 25th. Finally, Deutsche Bank set a $43.00 target price on NRG Energy and gave the stock a “hold” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.57.
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NRG Energy Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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