Los Angeles Capital Management LLC Purchases Shares of 3,184 NRG Energy, Inc. (NYSE:NRG)

Los Angeles Capital Management LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,184 shares of the utilities provider’s stock, valued at approximately $248,000.

A number of other hedge funds have also made changes to their positions in the stock. First Trust Direct Indexing L.P. increased its stake in shares of NRG Energy by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 161 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after acquiring an additional 174 shares during the period. Czech National Bank increased its stake in shares of NRG Energy by 0.5% during the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after acquiring an additional 181 shares during the period. First Horizon Advisors Inc. increased its stake in shares of NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of NRG Energy by 1.2% during the second quarter. Fifth Third Bancorp now owns 16,962 shares of the utilities provider’s stock valued at $1,321,000 after acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of research reports. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group initiated coverage on shares of NRG Energy in a report on Friday. They set a “hold” rating and a $82.00 target price for the company. Wells Fargo & Company raised their target price on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Morgan Stanley raised their target price on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NRG Energy has an average rating of “Hold” and an average price target of $73.75.

NRG Energy Trading Up 1.6 %

NRG Energy stock opened at $81.04 on Monday. The company has a 50 day moving average price of $78.27 and a 200 day moving average price of $75.67. NRG Energy, Inc. has a 52 week low of $36.61 and a 52 week high of $87.58. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 11.48 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Research analysts forecast that NRG Energy, Inc. will post 4.45 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

NRG Energy 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.