Nissay Asset Management Corp Japan ADV Decreases Stock Position in NRG Energy, Inc. (NYSE:NRG)

Nissay Asset Management Corp Japan ADV cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,884 shares of the utilities provider’s stock after selling 278 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in NRG Energy were worth $2,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. OMERS ADMINISTRATION Corp boosted its position in shares of NRG Energy by 18.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,292 shares of the utilities provider’s stock worth $838,000 after buying an additional 1,460 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in NRG Energy in the 4th quarter valued at about $1,080,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in NRG Energy in the 4th quarter valued at about $18,893,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NRG Energy by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the utilities provider’s stock valued at $1,703,000 after purchasing an additional 820 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new position in NRG Energy in the 4th quarter valued at about $54,881,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NRG shares. Guggenheim boosted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.75.

NRG Energy Trading Up 2.7%

NYSE NRG opened at $159.18 on Friday. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $159.24. The company has a 50-day moving average of $105.92 and a 200-day moving average of $101.07. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market cap of $32.42 billion, a P/E ratio of 40.00, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is presently 28.39%.

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.