Rothschild Investment LLC Invests $32,000 in NRG Energy, Inc. (NYSE:NRG)

Rothschild Investment LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 410 shares of the utilities provider’s stock, valued at approximately $32,000.

Other hedge funds have also made changes to their positions in the company. Banco Santander S.A. purchased a new stake in shares of NRG Energy in the second quarter valued at $217,671,000. Capitolis Liquid Global Markets LLC lifted its stake in NRG Energy by 253.2% in 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 in the last quarter. Zimmer Partners LP acquired a new stake in NRG Energy during the 1st quarter worth about $64,306,000. Assenagon Asset Management S.A. grew its stake 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 acquiring an additional 633,765 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of NRG Energy in the 1st quarter valued at about $26,448,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NRG shares. Wells Fargo & Company raised their price target on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price target on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of “Hold” and a consensus price target of $72.57.

NRG Energy Stock Down 2.6 %

NRG Energy stock opened at $76.51 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. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $87.58. The firm’s fifty day simple moving average is $78.17 and its 200-day simple moving average is $74.43. The company has a market capitalization of $15.95 billion, a P/E ratio of 10.84 and a beta of 1.10.

NRG Energy (NYSE:NRG) last announced its quarterly 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. The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Sell-side analysts forecast that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio is currently 23.09%.

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.