Infrastructure Capital Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,999 shares of the utilities provider’s stock, valued at approximately $857,000.
Other hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in NRG Energy during the fourth quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in NRG Energy during the first quarter worth approximately $26,000. OLD Mission Capital LLC acquired a new stake in NRG Energy during the fourth quarter worth approximately $31,000. West Oak Capital LLC raised its stake in NRG Energy by 233.3% during the first quarter. West Oak Capital LLC now owns 1,000 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 700 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in NRG Energy during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 97.72% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of NRG Energy in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Bank of America increased their price target on shares of NRG Energy from $43.00 to $46.00 in a research note on Thursday, July 20th. Finally, BMO Capital Markets increased their price target on shares of NRG Energy from $45.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.00.
NRG Energy Stock Performance
Shares of NRG stock opened at $39.51 on Friday. The company’s fifty day simple moving average is $37.57 and its 200-day simple moving average is $35.02. NRG Energy, Inc. has a 52 week low of $30.25 and a 52 week high of $45.80. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.00. The company has a market cap of $9.05 billion, a PE ratio of -4.47, a P/E/G ratio of 2.08 and a beta of 1.03.
NRG Energy (NYSE:NRG – Get Free Report) last issued its earnings results on Tuesday, August 8th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($1.22). NRG Energy had a negative net margin of 6.75% and a positive return on equity of 25.82%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $7.73 billion. During the same period in the prior year, the business posted $0.33 EPS. The business’s revenue was down 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 4.55 EPS for the current year.
NRG Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.3775 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, July 31st. This represents a $1.51 annualized dividend and a yield of 3.82%. NRG Energy’s payout ratio is -17.08%.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West segments. The company is involved in producing and selling electricity and related products and services to approximately residential, commercial, industrial, and wholesale customers.
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