Rhumbline Advisers lowered its holdings in NRG Energy Inc (NYSE:NRG) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 495,851 shares of the utilities provider’s stock after selling 7,637 shares during the quarter. Rhumbline Advisers’ holdings in NRG Energy were worth $19,636,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Sterling Investment Advisors Ltd. raised its position in NRG Energy by 202.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,493 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 1,000 shares during the period. Private Capital Group LLC grew its stake in shares of NRG Energy by 67.9% in the fourth quarter. Private Capital Group LLC now owns 2,498 shares of the utilities provider’s stock valued at $99,000 after buying an additional 1,010 shares in the last quarter. JS Capital Management LLC acquired a new stake in shares of NRG Energy in the third quarter valued at $105,000. We Are One Seven LLC acquired a new stake in shares of NRG Energy in the fourth quarter valued at $113,000. Finally, Advisors Asset Management Inc. grew its stake in shares of NRG Energy by 49.8% in the fourth quarter. Advisors Asset Management Inc. now owns 2,985 shares of the utilities provider’s stock valued at $118,000 after buying an additional 992 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.
NRG has been the subject of a number of research reports. Zacks Investment Research raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. SunTrust Banks boosted their target price on NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. Deutsche Bank cut NRG Energy from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Monday, January 28th. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Citigroup boosted their target price on NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.86.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.18). The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.04 billion. NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. As a group, research analysts forecast that NRG Energy Inc will post 3.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, January 31st. NRG Energy’s dividend payout ratio (DPR) is 11.01%.
In other NRG Energy news, EVP Christopher Moser sold 34,296 shares of NRG Energy stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $38.23, for a total transaction of $1,311,136.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 18,571 shares of NRG Energy stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $39.42, for a total value of $732,068.82. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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