Worldquant Millennium Advisors LLC Buys 213,302 Shares of NRG Energy, Inc. (NYSE:NRG)

Worldquant Millennium Advisors LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 135.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 370,291 shares of the utilities provider’s stock after purchasing an additional 213,302 shares during the period. Worldquant Millennium Advisors LLC’s holdings in NRG Energy were worth $33,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Affinity Wealth Management LLC raised its stake in NRG Energy by 7.8% during the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock worth $3,857,000 after buying an additional 3,084 shares during the period. SteelPeak Wealth LLC acquired a new stake in NRG Energy during the 4th quarter worth $2,418,000. SBI Securities Co. Ltd. acquired a new stake in NRG Energy during the 4th quarter worth $32,000. Townsquare Capital LLC raised its stake in NRG Energy by 97.4% during the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider’s stock worth $472,000 after buying an additional 2,582 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in NRG Energy during the 4th quarter worth $545,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

NRG opened at $159.63 on Wednesday. The business’s 50-day moving average price is $108.67 and its two-hundred day moving average price is $102.07. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $161.78. The company has a market capitalization of $31.21 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

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

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy’s dividend payout ratio is currently 28.39%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NRG shares. Morgan Stanley raised their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Jefferies Financial Group raised their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Guggenheim lifted their price target on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

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.