Asset Management One Co. Ltd. Buys 1,684 Shares of NRG Energy, Inc. $NRG

Asset Management One Co. Ltd. grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,577 shares of the utilities provider’s stock after buying an additional 1,684 shares during the period. Asset Management One Co. Ltd.’s holdings in NRG Energy were worth $13,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in shares of NRG Energy during the second quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of NRG Energy during the first quarter valued at about $28,000. Key Financial Inc bought a new stake in shares of NRG Energy during the first quarter valued at about $30,000. Evermay Wealth Management LLC bought a new stake in shares of NRG Energy during the first quarter valued at about $36,000. Finally, Kiker Wealth Management LLC bought a new position in shares of NRG Energy in the second quarter worth approximately $37,000. 97.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NRG. Barclays upped their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Melius began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $197.46.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

NRG Energy Stock Up 3.9%

Shares of NYSE NRG opened at $170.12 on Monday. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The firm’s 50 day simple moving average is $159.24 and its two-hundred day simple moving average is $148.88. The stock has a market capitalization of $32.91 billion, a P/E ratio of 76.98 and a beta of 1.14.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the business earned $3.37 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio is 79.64%.

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.