NRG Energy, Inc. (NYSE:NRG) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its stake in NRG Energy, Inc. (NYSE:NRG) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 107,079 shares of the utilities provider’s stock after purchasing an additional 317 shares during the period. Royal London Asset Management Ltd.’s holdings in NRG Energy were worth $5,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NRG. Schonfeld Strategic Advisors LLC raised its stake in shares of NRG Energy by 3,477.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock worth $37,618,000 after buying an additional 949,289 shares during the period. Wellington Management Group LLP increased its position in shares of NRG Energy by 486.2% during the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock worth $34,688,000 after purchasing an additional 746,899 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of NRG Energy by 105.1% during the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock worth $51,642,000 after purchasing an additional 689,941 shares in the last quarter. Rubric Capital Management LP increased its position in shares of NRG Energy by 91.6% during the third quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock worth $50,770,000 after purchasing an additional 629,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NRG Energy by 139.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 913,237 shares of the utilities provider’s stock worth $35,178,000 after purchasing an additional 532,320 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 24,546 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares in the company, valued at approximately $22,192,398.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on NRG shares. Wells Fargo & Company boosted their price target on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. BMO Capital Markets boosted their price target on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Citigroup boosted 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. Evercore ISI upped their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Finally, Morgan Stanley upped their target price on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.00.

NRG Energy Trading Down 0.9 %

NRG traded down $0.74 during mid-day trading on Friday, hitting $78.64. 2,393,084 shares of the stock were exchanged, compared to its average volume of 3,433,280. NRG Energy, Inc. has a 1-year low of $32.94 and a 1-year high of $87.58. The company has a market cap of $16.39 billion, a PE ratio of 11.14 and a beta of 1.07. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. The firm’s fifty day moving average is $77.86 and its two-hundred day moving average is $62.97.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Equities analysts forecast that NRG Energy, Inc. will post 4.5 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.07%. NRG Energy’s dividend payout ratio is presently 23.09%.

NRG Energy Company Profile

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.