Trexquant Investment LP Raises Position in NRG Energy Inc (NRG)

Trexquant Investment LP increased its stake in NRG Energy Inc (NYSE:NRG) by 121.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,400 shares of the utilities provider’s stock after buying an additional 59,000 shares during the period. Trexquant Investment LP’s holdings in NRG Energy were worth $2,008,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of NRG Energy during the fourth quarter valued at about $125,000. Thrivent Financial for Lutherans raised its stake in shares of NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock valued at $134,000 after buying an additional 680 shares during the period. Cigna Investments Inc. New bought a new stake in shares of NRG Energy during the fourth quarter valued at about $135,000. BB&T Securities LLC bought a new stake in shares of NRG Energy during the third quarter valued at about $136,000. Finally, Sciencast Management LP bought a new stake in shares of NRG Energy during the fourth quarter valued at about $145,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.

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

Shares of NRG Energy Inc (NYSE:NRG) traded up 3.08% during midday trading on Friday, reaching $15.71. The company’s stock had a trading volume of 5,644,200 shares. NRG Energy Inc has a 1-year low of $9.84 and a 1-year high of $19.07. The company’s 50-day moving average price is $16.84 and its 200 day moving average price is $15.15. The firm’s market capitalization is $4.97 billion. NRG Energy also was the recipient of unusually large options trading on Thursday. Stock traders purchased 11,744 call options on the company. This represents an increase of approximately 464% compared to the typical volume of 2,084 call options.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $3.29 billion. NRG Energy had a positive return on equity of 10.15% and a negative net margin of 47.59%. On average, equities research analysts forecast that NRG Energy Inc will post $0.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, April 27th. NRG Energy’s payout ratio is -0.66%.

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Several research firms have weighed in on NRG. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, April 26th. Barclays PLC reaffirmed an “overweight” rating and issued a $20.00 target price (up from $19.00) on shares of NRG Energy in a research report on Sunday, April 23rd. Deutsche Bank AG dropped their target price on NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Goldman Sachs Group Inc raised NRG Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.00 to $26.00 in a research report on Wednesday, March 29th. Finally, Citigroup Inc raised NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, February 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.50.

In other news, Director John C. Wilder, Jr. bought 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $17.47 per share, for a total transaction of $20,964,000.00. Following the purchase, the director now owns 8,060 shares of the company’s stock, valued at approximately $140,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

About NRG Energy

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.

12 Month Chart for NYSE:NRG

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