Macquarie Group Ltd. acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,474 shares of the utilities provider’s stock, valued at approximately $626,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NRG. Elliott Management Corp lifted its position in shares of NRG Energy by 8.4% during the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock worth $337,512,000 after purchasing an additional 1,526,394 shares in the last quarter. FMR LLC lifted its position in shares of NRG Energy by 8.6% during the second quarter. FMR LLC now owns 7,584,875 shares of the utilities provider’s stock worth $130,612,000 after purchasing an additional 597,957 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NRG Energy by 38.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock worth $109,682,000 after purchasing an additional 1,772,966 shares in the last quarter. Permian Investment Partners LP lifted its position in shares of NRG Energy by 51.0% during the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock worth $102,253,000 after purchasing an additional 2,005,094 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of NRG Energy by 42,970.1% during the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock worth $95,007,000 after purchasing an additional 5,504,468 shares in the last quarter. Institutional investors own 97.35% of the company’s stock.

NRG has been the topic of a number of recent research reports. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Bank of America initiated coverage on shares of NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 target price on the stock. ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Finally, BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.67.

NRG Energy, Inc. (NYSE:NRG) traded down $0.43 on Wednesday, reaching $28.70. 4,409,500 shares of the company traded hands, compared to its average volume of 6,111,581. The firm has a market capitalization of $9,223.78, a PE ratio of 21.58 and a beta of 1.28. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. NRG Energy, Inc. has a 1 year low of $12.10 and a 1 year high of $29.78.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.51). The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The company’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. sell-side analysts predict that NRG Energy, Inc. will post 0.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.03 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 annualized dividend and a yield of 0.42%. NRG Energy’s dividend payout ratio is presently -2.35%.

In related news, Director Barry T. Smitherman purchased 2,541 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $28.38 per share, with a total value of $72,113.58. Following the completion of the acquisition, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

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About NRG Energy

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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