Vanguard Personalized Indexing Management LLC Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Vanguard Personalized Indexing Management LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,950 shares of the utilities provider’s stock after acquiring an additional 1,891 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in NRG Energy were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Banco Santander S.A. purchased a new stake in NRG Energy in the second quarter worth approximately $217,671,000. Capitolis Liquid Global Markets LLC boosted its stake in shares of 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 buying an additional 1,266,000 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 worth $109,007,000 after acquiring an additional 160,415 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares during the period. Finally, Zimmer Partners LP purchased a new stake in NRG Energy during the first quarter valued at $64,306,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction 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 transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

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

NRG Energy Stock Up 6.4 %

NRG opened at $87.09 on Monday. NRG Energy, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $87.58. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 12.34 and a beta of 1.10. The firm’s fifty day moving average is $78.60 and its 200 day moving average is $76.53.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating 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 the consensus estimate of $8.32 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed 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. This represents a $1.63 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) 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.