Lombard Odier Asset Management USA Corp Purchases New Holdings in NRG Energy, Inc. (NYSE:NRG)

Lombard Odier Asset Management USA Corp acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,213 shares of the utilities provider’s stock, valued at approximately $717,000.

Several other large investors have also recently made changes to their positions in NRG. LifeSteps Financial Inc. bought a new position in NRG Energy during the 1st quarter valued at approximately $31,000. Rothschild Investment LLC bought a new position in shares of NRG Energy during the second quarter valued at $32,000. Mather Group LLC. purchased a new position in shares of NRG Energy in the 1st quarter worth about $33,000. First Horizon Advisors Inc. boosted its stake in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in NRG Energy during the 1st quarter valued at about $36,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’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 transaction of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 6.4 %

Shares of NYSE:NRG opened at $87.09 on Monday. The stock’s 50-day simple moving average is $78.60 and its two-hundred day simple moving average is $76.53. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 12.34 and a beta of 1.10. 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.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Analysts expect 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. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.87%. NRG Energy’s dividend payout ratio is currently 23.09%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NRG. 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 for the company. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Morgan Stanley boosted their price target on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company increased their price objective on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and an average price target of $73.75.

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.