Mutual of America Capital Management LLC Acquires 18,661 Shares of NRG Energy, Inc. (NYSE:NRG)

Mutual of America Capital Management LLC boosted its holdings in NRG Energy, Inc. (NYSE:NRG) by 39.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,871 shares of the utilities provider’s stock after purchasing an additional 18,661 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NRG Energy were worth $5,129,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NRG. L & S Advisors Inc bought a new position in shares of NRG Energy during the 2nd quarter worth about $2,721,000. Virtu Financial LLC grew its stake in NRG Energy by 188.2% in the second quarter. Virtu Financial LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,157,000 after acquiring an additional 9,703 shares during the period. Sierra Summit Advisors LLC increased its holdings in shares of NRG Energy by 8.3% during the second quarter. Sierra Summit Advisors LLC now owns 9,870 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 759 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of NRG Energy by 16.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 182,569 shares of the utilities provider’s stock worth $14,215,000 after purchasing an additional 25,563 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of NRG Energy in the 2nd quarter worth $745,000. 97.72% of the stock is 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 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 directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com downgraded 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, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Morgan Stanley boosted their price objective on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company raised their target price on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Hold” and a consensus price target of $73.75.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $87.09 on Friday. The business’s fifty day simple moving average is $78.60 and its 200 day simple moving average is $76.43. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a 12 month low of $36.61 and a 12 month high of $87.58. The firm 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 released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping 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 company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that NRG Energy, Inc. will post 4.45 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.87%. NRG Energy’s payout ratio is currently 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.