International Assets Investment Management LLC Grows Holdings in NRG Energy, Inc. (NYSE:NRG)

International Assets Investment Management LLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 1,398.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,034 shares of the utilities provider’s stock after acquiring an additional 19,630 shares during the period. International Assets Investment Management LLC’s holdings in NRG Energy were worth $1,087,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NRG. Charles Schwab Investment Management Inc. lifted its holdings in shares of NRG Energy by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider’s stock valued at $220,696,000 after purchasing an additional 156,974 shares during the last quarter. Northern Trust Corp increased its position in NRG Energy by 8.9% during the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider’s stock valued at $92,502,000 after buying an additional 197,122 shares in the last quarter. Hsbc Holdings PLC raised its stake in NRG Energy by 105.1% during the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after buying an additional 689,941 shares during the last quarter. Rubric Capital Management LP boosted its holdings in NRG Energy by 91.6% in the third quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock worth $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Maven Securities LTD grew its stake in shares of NRG Energy by 72.5% in the third quarter. Maven Securities LTD now owns 1,037,284 shares of the utilities provider’s stock worth $39,956,000 after acquiring an additional 436,046 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

NRG has been the subject of several recent analyst reports. Citigroup lifted their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. TheStreet upgraded shares of NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. Wells Fargo & Company raised their price target on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Morgan Stanley upped their price objective on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. Finally, StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.50.

NRG Energy Trading Up 0.6 %

NYSE:NRG opened at $70.39 on Tuesday. The company has a market cap of $15.11 billion, a PE ratio of -65.78 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. The company has a 50 day simple moving average of $63.53 and a two-hundred day simple moving average of $53.46. NRG Energy, Inc. has a 12 month low of $30.52 and a 12 month high of $76.54.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. Research analysts forecast that NRG Energy, Inc. will post 5.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.4075 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.32%. NRG Energy’s dividend payout ratio is currently -152.34%.

Insider Activity

In related news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the sale, the vice president now directly owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

About NRG Energy

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.