Two Sigma Advisers LP Has $44.80 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Two Sigma Advisers LP decreased its stake in NRG Energy, Inc. (NYSE:NRG) by 66.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 496,550 shares of the utilities provider’s stock after selling 962,500 shares during the quarter. Two Sigma Advisers LP owned 0.25% of NRG Energy worth $44,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Boston Partners acquired a new position in NRG Energy in the fourth quarter valued at about $94,346,000. Appaloosa LP increased its holdings in shares of NRG Energy by 81.5% in the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock worth $163,749,000 after acquiring an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock worth $81,583,000 after purchasing an additional 703,481 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of NRG Energy during the fourth quarter worth about $61,679,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth about $54,881,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NRG. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 price target on the stock. Wells Fargo & Company increased their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Jefferies Financial Group increased their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Guggenheim increased their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.75.

NRG Energy Stock Up 1.3%

NRG stock opened at $161.22 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business has a 50 day moving average price of $107.30 and a two-hundred day moving average price of $101.66. The company has a market cap of $31.52 billion, a price-to-earnings ratio of 40.51, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.78.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period last year, the company earned $2.31 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.09%. NRG Energy’s payout ratio is currently 28.39%.

NRG Energy 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.