Tredje AP fonden Has $2.78 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Tredje AP fonden reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,721 shares of the utilities provider’s stock after selling 554 shares during the period. Tredje AP fonden’s holdings in NRG Energy were worth $2,781,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NRG. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of NRG Energy by 14.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,070 shares of the utilities provider’s stock worth $317,000 after buying an additional 510 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in NRG Energy by 15.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,956 shares of the utilities provider’s stock worth $2,877,000 after acquiring an additional 5,067 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in NRG Energy during the second quarter valued at approximately $362,000. Mutual of America Capital Management LLC grew its holdings in NRG Energy by 39.5% during the second quarter. Mutual of America Capital Management LLC now owns 65,871 shares of the utilities provider’s stock valued at $5,129,000 after purchasing an additional 18,661 shares during the period. Finally, L & S Advisors Inc acquired a new stake in NRG Energy in the second quarter worth $2,721,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NRG shares. Wells Fargo & Company boosted their price target on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Morgan Stanley lifted their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Jefferies Financial Group started coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.75.

NRG Energy Trading Down 0.1 %

NRG Energy stock opened at $81.84 on Friday. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 11.58 and a beta of 1.10. The firm has a 50-day moving average of $78.41 and a 200-day moving average of $76.07. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. NRG Energy, Inc. has a one year low of $36.61 and a one year high of $87.58.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio is currently 23.09%.

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.