Moody National Bank Trust Division Acquires Shares of 5,502 NRG Energy Inc (NYSE:NRG)

Moody National Bank Trust Division acquired a new stake in shares of NRG Energy Inc (NYSE:NRG) in the third quarter, HoldingsChannel.com reports. The firm acquired 5,502 shares of the utilities provider’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Garrett Wealth Advisory Group LLC acquired a new position in shares of NRG Energy during the 3rd quarter worth about $40,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NRG Energy by 2.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,553 shares of the utilities provider’s stock valued at $3,071,000 after purchasing an additional 1,765 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of NRG Energy by 37.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 374,361 shares of the utilities provider’s stock valued at $14,825,000 after purchasing an additional 102,549 shares during the period. PGGM Investments raised its stake in shares of NRG Energy by 35.8% during the 3rd quarter. PGGM Investments now owns 49,661 shares of the utilities provider’s stock valued at $1,967,000 after purchasing an additional 13,101 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of NRG Energy by 271.6% during the 3rd quarter. Pacer Advisors Inc. now owns 105,033 shares of the utilities provider’s stock valued at $4,159,000 after purchasing an additional 76,771 shares during the period. 96.18% of the stock is owned by institutional investors.

NRG Energy stock opened at $40.30 on Monday. NRG Energy Inc has a 52 week low of $32.63 and a 52 week high of $43.66. The business has a 50-day simple moving average of $38.60 and a 200 day simple moving average of $37.13. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.28 and a beta of 0.79.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.08). NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. NRG Energy’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts predict that NRG Energy Inc will post 3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, October 31st. NRG Energy’s payout ratio is 4.98%.

A number of analysts recently issued reports on the company. Morgan Stanley upgraded NRG Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $49.00 in a research note on Friday, September 6th. Goldman Sachs Group upgraded NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 price objective on the stock in a research note on Monday, June 24th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, August 20th. Citigroup boosted their price objective on NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Finally, ValuEngine lowered NRG Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.57.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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

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