NRG Energy, Inc. (NYSE:NRG) Shares Bought by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,161 shares of the utilities provider’s stock after buying an additional 696 shares during the quarter. Glen Eagle Advisors LLC’s holdings in NRG Energy were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the 4th quarter worth approximately $32,000. UMB Bank n.a. lifted its stake in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 228 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter worth $41,000. Princeton Global Asset Management LLC boosted its holdings in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after buying an additional 390 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after buying an additional 347 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NRG shares. Wells Fargo & Company raised their price target on NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Jefferies Financial Group raised their target price on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, May 5th. BMO Capital Markets reissued a “market perform” rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.75.

NRG Energy Price Performance

Shares of NYSE NRG opened at $155.35 on Thursday. The stock has a market cap of $30.37 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.01 and a beta of 1.00. The firm’s 50-day simple moving average is $109.87 and its 200 day simple moving average is $102.43. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $161.78. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for 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%. NRG Energy’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 EPS. Equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.13%. NRG Energy’s dividend payout ratio (DPR) is 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.