NRG Energy, Inc. (NRG) Stake Boosted by Fieldpoint Private Securities LLC

Fieldpoint Private Securities LLC lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 29.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,407 shares of the utilities provider’s stock after purchasing an additional 1,907 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in NRG Energy were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elliott Management Corp boosted its position in shares of NRG Energy by 8.4% during the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock worth $337,512,000 after purchasing an additional 1,526,394 shares in the last quarter. FMR LLC boosted its position in shares of NRG Energy by 8.6% during the second quarter. FMR LLC now owns 7,584,875 shares of the utilities provider’s stock worth $130,612,000 after purchasing an additional 597,957 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of NRG Energy by 20.9% during the third quarter. Janus Henderson Group PLC now owns 6,671,449 shares of the utilities provider’s stock worth $170,723,000 after purchasing an additional 1,154,171 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NRG Energy by 38.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock worth $109,682,000 after purchasing an additional 1,772,966 shares in the last quarter. Finally, Permian Investment Partners LP boosted its position in shares of NRG Energy by 51.0% during the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock worth $102,253,000 after purchasing an additional 2,005,094 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on NRG shares. Bank of America started coverage on shares of NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target on the stock. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, SunTrust Banks reissued a “hold” rating and set a $25.00 price target on shares of NRG Energy in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.67.

In related news, Director Barry T. Smitherman acquired 2,541 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $28.38 per share, with a total value of $72,113.58. Following the transaction, the director now owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

NRG Energy, Inc. (NRG) traded down $0.47 on Friday, reaching $27.68. 3,441,100 shares of the company traded hands, compared to its average volume of 6,090,344. The company has a market cap of $8,913.47, a PE ratio of 20.85 and a beta of 1.28. NRG Energy, Inc. has a 1-year low of $12.10 and a 1-year high of $29.78. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.51). The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.28 billion. NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 earnings per share. equities research analysts predict that NRG Energy, Inc. will post 0.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.03 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 annualized dividend and a yield of 0.43%. NRG Energy’s dividend payout ratio is currently -2.35%.

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NRG Energy Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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