Mercer Global Advisors Inc. ADV Increases Holdings in NRG Energy, Inc. (NYSE:NRG)

Mercer Global Advisors Inc. ADV increased its stake in NRG Energy, Inc. (NYSE:NRG) by 15.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 36,956 shares of the utilities provider’s stock after buying an additional 5,067 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in NRG Energy were worth $2,877,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NRG. Central Asset Investments & Management Holdings HK Ltd purchased a new position in NRG Energy in the second quarter valued at about $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. L & S Advisors Inc purchased a new stake in NRG Energy in the second quarter worth $2,721,000. Virtu Financial LLC raised its stake in shares of 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 buying an additional 9,703 shares during the period. Finally, Sierra Summit Advisors LLC lifted its position in shares of NRG Energy by 8.3% during the 2nd quarter. Sierra Summit Advisors LLC now owns 9,870 shares of the utilities provider’s stock valued at $768,000 after buying an additional 759 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent research reports. 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 on the stock. 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 research report on Thursday, September 5th. Morgan Stanley raised their price objective 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. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Hold” and an average price target of $73.75.

NRG Energy Trading Up 6.4 %

Shares of NRG stock opened at $87.09 on Monday. The company has a market capitalization of $18.16 billion, a PE 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 business’s fifty day moving average is $78.60 and its 200 day moving average is $76.53. 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 released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. On average, equities research analysts anticipate that NRG Energy, Inc. will post 4.45 EPS for the current fiscal 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 issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s payout ratio is 23.09%.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.