Duality Advisers LP Invests $1.77 Million in NRG Energy Inc (NYSE:NRG)

Duality Advisers LP bought a new stake in shares of NRG Energy Inc (NYSE:NRG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,355 shares of the utilities provider’s stock, valued at approximately $1,770,000.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in NRG Energy by 49.3% in the 1st quarter. Janus Henderson Group PLC now owns 7,344,429 shares of the utilities provider’s stock worth $200,209,000 after purchasing an additional 2,424,235 shares in the last quarter. Schroder Investment Management Group lifted its stake in NRG Energy by 67.7% during the 1st quarter. Schroder Investment Management Group now owns 1,724,040 shares of the utilities provider’s stock valued at $46,963,000 after acquiring an additional 695,964 shares during the period. Wellington Management Group LLP lifted its stake in NRG Energy by 15.3% during the 1st quarter. Wellington Management Group LLP now owns 5,208,232 shares of the utilities provider’s stock valued at $141,977,000 after acquiring an additional 690,269 shares during the period. Bank of New York Mellon Corp lifted its stake in NRG Energy by 18.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,143,998 shares of the utilities provider’s stock valued at $112,964,000 after acquiring an additional 636,119 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of NRG Energy during the 1st quarter valued at about $13,511,000. Institutional investors own 98.03% of the company’s stock.

NYSE NRG opened at $33.81 on Friday. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.09 and a current ratio of 1.22. The firm’s 50 day moving average price is $33.35 and its 200-day moving average price is $33.59. NRG Energy Inc has a 52-week low of $19.54 and a 52-week high of $41.78. The company has a market cap of $8.25 billion, a PE ratio of 9.21, a P/E/G ratio of 0.16 and a beta of 1.06.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). NRG Energy had a net margin of 42.14% and a negative return on equity of 15,555.52%. The business had revenue of $2.02 billion for the quarter. On average, analysts forecast that NRG Energy Inc will post 5.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.55%. NRG Energy’s payout ratio is 30.30%.

Several research firms recently issued reports on NRG. Bank of America increased their target price on shares of NRG Energy from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, July 27th. ValuEngine downgraded shares of NRG Energy from a “sell” rating to a “strong sell” rating in a report on Friday, July 17th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Wednesday, May 13th. Cfra downgraded shares of NRG Energy from a “hold” rating to a “sell” rating and cut their price target for the company from $37.00 to $28.00 in a report on Thursday, May 7th. Finally, UBS Group cut their price target on shares of NRG Energy from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.

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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