Alpha Quant Advisors LLC boosted its holdings in shares of NRG Energy Inc (NYSE:NRG) by 284.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,817 shares of the utilities provider’s stock after acquiring an additional 21,320 shares during the period. NRG Energy accounts for about 1.2% of Alpha Quant Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Alpha Quant Advisors LLC’s holdings in NRG Energy were worth $1,224,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in NRG Energy during the 1st quarter valued at about $31,000. Advisors Preferred LLC purchased a new position in NRG Energy during the 1st quarter valued at about $52,000. Macquarie Group Ltd. lifted its position in NRG Energy by 320.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,600 shares during the period. Quadrant Capital Group LLC increased its stake in NRG Energy by 128.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,298 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in NRG Energy during the 4th quarter valued at about $91,000. 97.24% of the stock is owned by institutional investors.
In other NRG Energy news, SVP David Callen sold 41,011 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the completion of the sale, the senior vice president now directly owns 58,130 shares in the company, valued at approximately $2,431,577.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.
NRG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, January 23rd. Deutsche Bank set a $43.00 price objective on shares of NRG Energy and gave the company a “hold” rating in a research note on Friday, March 1st. Macquarie set a $48.00 price objective on shares of NRG Energy and gave the company a “buy” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Morgan Stanley set a $46.00 price objective on shares of NRG Energy and gave the company a “hold” rating in a research note on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and a consensus target price of $43.57.
NYSE:NRG opened at $35.91 on Tuesday. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 14.90 and a beta of 0.75. NRG Energy Inc has a fifty-two week low of $29.90 and a fifty-two week high of $43.66.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. NRG Energy had a net margin of 4.64% and a negative return on equity of 125.35%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts predict that NRG Energy Inc will post 4.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.33%. NRG Energy’s dividend payout ratio is currently 4.98%.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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