Fidelis Capital Partners LLC Acquires New Stake in NRG Energy, Inc. (NYSE:NRG)

Fidelis Capital Partners LLC bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,460 shares of the utilities provider’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Banco Santander S.A. bought a new position in shares of NRG Energy in the 2nd quarter worth approximately $217,671,000. Capitolis Liquid Global Markets LLC boosted its stake in shares of NRG Energy by 253.2% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after acquiring an additional 1,266,000 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of NRG Energy in the 1st quarter worth $64,306,000. Fred Alger Management LLC bought a new position in NRG Energy in the 2nd quarter worth $53,773,000. Finally, Assenagon Asset Management S.A. grew its holdings in NRG Energy by 65.8% during the second 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 during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

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 value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NRG. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets upped their price target on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday. Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their price target on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, NRG Energy presently has an average rating of “Hold” and an average price target of $89.75.

NRG Energy Trading Up 2.2 %

Shares of NRG stock opened at $90.40 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 9.85 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $41.57 and a 12-month high of $96.40. The stock’s 50-day moving average price is $86.17 and its 200-day moving average price is $80.86.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (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 analysts’ expectations of $8.32 billion. During the same period in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that NRG Energy, Inc. will post 6.09 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.4075 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.80%. NRG Energy’s payout ratio is currently 17.76%.

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.