ICA Group Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the utilities provider’s stock, valued at approximately $103,000.
A number of other large investors have also recently added to or reduced their stakes in NRG. Schonfeld Strategic Advisors LLC increased its stake in NRG Energy by 3,477.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock worth $37,618,000 after purchasing an additional 949,289 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NRG Energy by 486.2% in the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock worth $34,688,000 after acquiring an additional 746,899 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of NRG Energy by 105.1% during the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after acquiring an additional 689,941 shares during the period. Rubric Capital Management LP lifted its position in shares of NRG Energy by 91.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock valued at $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in NRG Energy by 139.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 913,237 shares of the utilities provider’s stock worth $35,178,000 after purchasing an additional 532,320 shares during the period. 97.72% of the stock is currently owned by institutional investors.
Insider Buying and Selling at NRG Energy
In other news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on NRG
NRG Energy Stock Performance
Shares of NRG opened at $78.55 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a 12 month low of $32.94 and a 12 month high of $87.58. The company’s fifty day moving average is $77.86 and its 200-day moving average is $63.20. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 11.13 and a beta of 1.07.
NRG Energy (NYSE:NRG – Get Free Report) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Equities analysts expect that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.
NRG Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.08%. NRG Energy’s payout ratio is currently 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.
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