NRG Energy, Inc. (NYSE:NRG) Stock Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in NRG Energy, Inc. (NYSE:NRG) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,777 shares of the utilities provider’s stock after acquiring an additional 26,211 shares during the period. Mackenzie Financial Corp owned about 0.16% of NRG Energy worth $28,941,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vise Technologies Inc. increased its position in shares of NRG Energy by 178.8% in the fourth quarter. Vise Technologies Inc. now owns 7,366 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 4,724 shares in the last quarter. MidWestOne Financial Group Inc. increased its position in shares of NRG Energy by 67.1% in the fourth quarter. MidWestOne Financial Group Inc. now owns 20,196 shares of the utilities provider’s stock worth $1,822,000 after acquiring an additional 8,109 shares in the last quarter. Glen Eagle Advisors LLC increased its position in shares of NRG Energy by 20.1% in the fourth quarter. Glen Eagle Advisors LLC now owns 4,161 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 696 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NRG Energy by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider’s stock worth $110,392,000 after acquiring an additional 182,438 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in NRG Energy by 135.9% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 370,291 shares of the utilities provider’s stock valued at $33,408,000 after purchasing an additional 213,302 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NYSE NRG opened at $157.94 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $30.88 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a 50 day moving average price of $112.32 and a two-hundred day moving average price of $103.48. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $161.78.

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, beating analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy’s payout ratio is 28.39%.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Guggenheim boosted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.