NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its position in NRG Energy, Inc. (NYSE:NRG) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,070 shares of the utilities provider’s stock after acquiring an additional 510 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NRG Energy were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NRG. Mercer Global Advisors Inc. ADV lifted its stake in NRG Energy by 15.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,956 shares of the utilities provider’s stock worth $2,877,000 after purchasing an additional 5,067 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of NRG Energy in the 2nd quarter worth about $362,000. Mutual of America Capital Management LLC boosted its holdings in shares of NRG Energy by 39.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 65,871 shares of the utilities provider’s stock valued at $5,129,000 after buying an additional 18,661 shares during the period. L & S Advisors Inc bought a new stake in shares of NRG Energy during the 2nd quarter valued at about $2,721,000. Finally, Virtu Financial LLC raised its stake in NRG Energy by 188.2% during the second quarter. Virtu Financial LLC now owns 14,859 shares of the utilities provider’s stock worth $1,157,000 after acquiring an additional 9,703 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NYSE NRG opened at $87.09 on Friday. The firm has a market capitalization of $18.16 billion, a PE ratio of 12.34 and a beta of 1.10. 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 12 month low of $36.61 and a 12 month high of $87.58. The company’s 50 day simple moving average is $78.60 and its 200 day simple moving average is $76.43.

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

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.87%. NRG Energy’s dividend payout ratio is currently 23.09%.

Insider Transactions at NRG Energy

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NRG shares. Jefferies Financial Group started coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Morgan Stanley upped their price target on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Company boosted their target price on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, NRG Energy has a consensus rating of “Hold” and a consensus target price of $73.75.

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.