Point72 DIFC Ltd Has $10.39 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Point72 DIFC Ltd lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 326.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,465 shares of the utilities provider’s stock after acquiring an additional 102,157 shares during the quarter. NRG Energy makes up 0.4% of Point72 DIFC Ltd’s portfolio, making the stock its 26th biggest holding. Point72 DIFC Ltd owned 0.06% of NRG Energy worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Gotham Asset Management LLC boosted its holdings in NRG Energy by 93.1% in the fourth quarter. Gotham Asset Management LLC now owns 357,618 shares of the utilities provider’s stock worth $18,489,000 after purchasing an additional 172,400 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in NRG Energy by 885.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after purchasing an additional 213,347 shares in the last quarter. Franklin Resources Inc. boosted its holdings in NRG Energy by 156.4% in the fourth quarter. Franklin Resources Inc. now owns 269,749 shares of the utilities provider’s stock worth $13,946,000 after purchasing an additional 164,543 shares in the last quarter. Quarry LP boosted its holdings in NRG Energy by 784.3% in the fourth quarter. Quarry LP now owns 10,912 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 9,678 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in NRG Energy by 148.6% in the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after purchasing an additional 13,040 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated 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 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 SEC, which can be accessed through this link. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRG. Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. 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 upped 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 investment 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.com, the stock presently has an average rating of “Hold” and an average target price of $73.75.

NRG Energy Stock Up 1.0 %

NRG stock opened at $88.00 on Tuesday. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. NRG Energy, Inc. has a 52-week low of $36.61 and a 52-week high of $90.57. The company has a 50-day moving average of $78.85 and a two-hundred day moving average of $76.72. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 12.46 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 earnings per share 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 business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 4.45 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is presently 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.