Vanguard Personalized Indexing Management LLC Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Vanguard Personalized Indexing Management LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,950 shares of the utilities provider’s stock after buying an additional 1,891 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in NRG Energy were worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NRG. Banco Santander S.A. purchased a new stake in shares of NRG Energy during the second quarter worth about $217,671,000. Capitolis Liquid Global Markets LLC increased its stake in shares of NRG Energy by 253.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after buying an additional 1,266,000 shares during the period. Zimmer Partners LP bought a new position in shares of NRG Energy during the first quarter valued at approximately $64,306,000. Assenagon Asset Management S.A. lifted its stake in NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in NRG Energy by 114.3% in the second quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock valued at $65,205,000 after acquiring an additional 446,743 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a 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. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, 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 target price for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.75.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is owned by company insiders.

NRG Energy Price Performance

NRG stock opened at $87.09 on Monday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 12.34 and a beta of 1.10. The firm has a 50 day moving average price of $78.60 and a 200-day moving average price of $76.53. NRG Energy, Inc. has a 52-week low of $36.61 and a 52-week high of $87.58.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping 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 business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts forecast that NRG Energy, Inc. will post 4.45 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

NRG Energy 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.