Donald L. Hagan LLC Acquires Shares of 2,591 NRG Energy, Inc. (NYSE:NRG)

Donald L. Hagan LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,591 shares of the utilities provider’s stock, valued at approximately $236,000.

A number of other hedge funds also recently bought and sold shares of NRG. Centennial Wealth Advisory LLC raised its holdings in NRG Energy by 4.7% in the third quarter. Centennial Wealth Advisory LLC now owns 4,369 shares of the utilities provider’s stock worth $398,000 after buying an additional 195 shares during the last quarter. Foster & Motley Inc. increased its position in shares of NRG Energy by 93.0% during the third quarter. Foster & Motley Inc. now owns 9,247 shares of the utilities provider’s stock valued at $842,000 after acquiring an additional 4,455 shares in the last quarter. Hanlon Investment Management Inc. purchased a new position in NRG Energy in the 3rd quarter worth approximately $499,000. Amalgamated Bank lifted its position in NRG Energy by 1.7% in the 3rd quarter. Amalgamated Bank now owns 44,125 shares of the utilities provider’s stock valued at $4,020,000 after acquiring an additional 725 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in NRG Energy by 4.7% during the 3rd quarter. QRG Capital Management Inc. now owns 49,408 shares of the utilities provider’s stock valued at $4,501,000 after purchasing an additional 2,240 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG traded up $0.29 during mid-day trading on Wednesday, hitting $91.54. 330,904 shares of the company traded hands, compared to its average volume of 3,264,679. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The stock’s fifty day moving average price is $86.48 and its 200-day moving average price is $81.32. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. NRG Energy, Inc. has a one year low of $44.90 and a one year high of $96.40.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that NRG Energy, Inc. will post 6.17 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.78%. NRG Energy’s payout ratio is 17.76%.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NRG. Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. Guggenheim raised their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $89.75.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.