Mackenzie Financial Corp Has $28.18 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Mackenzie Financial Corp trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 10.8% in the second quarter, HoldingsChannel.com reports. The firm owned 361,863 shares of the utilities provider’s stock after selling 43,680 shares during the period. Mackenzie Financial Corp’s holdings in NRG Energy were worth $28,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MBB Public Markets I LLC acquired a new position in shares of NRG Energy in the 2nd quarter valued at $1,249,000. Daymark Wealth Partners LLC acquired a new position in NRG Energy in the second quarter worth about $224,000. Decade Renewable Partners LP bought a new position in NRG Energy during the second quarter worth about $2,336,000. APG Asset Management N.V. boosted its holdings in NRG Energy by 13.5% during the second quarter. APG Asset Management N.V. now owns 111,685 shares of the utilities provider’s stock valued at $8,114,000 after purchasing an additional 13,283 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of NRG Energy by 76.8% in the 2nd quarter. AQR Capital Management LLC now owns 367,761 shares of the utilities provider’s stock valued at $28,634,000 after purchasing an additional 159,710 shares during the period. 97.72% of the stock is owned by institutional investors.

Insider Transactions at NRG Energy

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

Analysts Set New Price Targets

Several equities analysts recently commented on NRG shares. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average target price of $73.75.

NRG Energy Stock Up 0.7 %

Shares of NYSE:NRG opened at $91.22 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The firm has a market cap of $19.02 billion, a P/E ratio of 12.92 and a beta of 1.10. NRG Energy, Inc. has a 12 month low of $36.61 and a 12 month high of $93.17. The company’s 50-day moving average price is $80.08 and its two-hundred day moving average price is $77.41.

NRG Energy (NYSE:NRG) last released its quarterly earnings results 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 net margin of 7.19% and a return on equity of 43.69%. 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 earnings per share. NRG Energy’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that NRG Energy, Inc. will post 5.51 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced 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 1.79%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

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.