NRG Energy, Inc. (NYSE:NRG) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its position in NRG Energy, Inc. (NYSE:NRG) by 34.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,612 shares of the utilities provider’s stock after buying an additional 49,590 shares during the quarter. Ensign Peak Advisors Inc owned 0.09% of NRG Energy worth $15,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. purchased a new position in shares of NRG Energy during the 2nd quarter worth about $217,671,000. Capitolis Liquid Global Markets LLC boosted its position in shares of NRG Energy by 253.2% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after buying an additional 1,266,000 shares during the period. Russell Investments Group Ltd. grew its position in NRG Energy by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock valued at $109,007,000 after acquiring an additional 160,415 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of NRG Energy during the first quarter valued at about $64,306,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Up 1.0 %

NRG Energy stock opened at $88.00 on Tuesday. The firm’s 50 day moving average price is $78.85 and its two-hundred day moving average price is $76.72. 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, Inc. has a twelve month low of $36.61 and a twelve month high of $90.57. The firm has a market cap of $18.35 billion, a PE ratio of 12.46 and a beta of 1.10.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. On average, research analysts predict that NRG Energy, Inc. will post 4.45 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a yield of 1.85%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Wall Street Analyst Weigh In

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

Insider Activity

In other 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 value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

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.