Elo Mutual Pension Insurance Co Has $1.51 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Elo Mutual Pension Insurance Co lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,444 shares of the utilities provider’s stock after selling 1,184 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in NRG Energy were worth $1,514,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its position in NRG Energy by 12.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,950 shares of the utilities provider’s stock worth $1,320,000 after purchasing an additional 1,891 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of NRG Energy by 14.3% during the second 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 in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of NRG Energy by 15.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,956 shares of the utilities provider’s stock valued at $2,877,000 after acquiring an additional 5,067 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of NRG Energy during the 2nd quarter valued at $362,000. Finally, Mutual of America Capital Management LLC grew its position in NRG Energy by 39.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 65,871 shares of the utilities provider’s stock worth $5,129,000 after acquiring an additional 18,661 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 owns 163,680 shares of the company’s stock, valued at $13,151,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

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

NRG Energy Stock Performance

Shares of NRG opened at $87.09 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The firm’s fifty day simple moving average is $78.46 and its two-hundred day simple moving average is $76.11. NRG Energy, Inc. has a 12 month low of $36.61 and a 12 month high of $87.58. The stock has a market capitalization of $18.16 billion, a P/E ratio of 12.34 and a beta of 1.10.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that NRG Energy, Inc. will post 4.45 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.87%. 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.