Mirae Asset Global Investments Co. Ltd. boosted its stake in NRG Energy Inc (NYSE:NRG) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,296 shares of the utilities provider’s stock after purchasing an additional 32,321 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NRG Energy were worth $4,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in NRG Energy in the 3rd quarter valued at $145,000. Moody National Bank Trust Division acquired a new stake in NRG Energy in the 3rd quarter valued at $206,000. Conning Inc. acquired a new stake in NRG Energy in the 3rd quarter valued at $231,000. Alps Advisors Inc. acquired a new stake in NRG Energy in the 3rd quarter valued at $237,000. Finally, Atria Investments LLC acquired a new stake in NRG Energy in the 3rd quarter valued at $243,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.

NYSE:NRG opened at $40.56 on Friday. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.57 and a quick ratio of 1.42. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 37.21 and a beta of 1.05. NRG Energy Inc has a 1-year low of $23.75 and a 1-year high of $40.56.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $4.04 billion. NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, sell-side analysts expect that NRG Energy Inc will post 3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a $0.03 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. NRG Energy’s payout ratio is currently 11.01%.

In other news, EVP Christopher Moser sold 43,975 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $35.11, for a total transaction of $1,543,962.25. Following the transaction, the executive vice president now owns 61,075 shares of the company’s stock, valued at $2,144,343.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $35.84, for a total transaction of $881,664.00. Following the transaction, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Several brokerages recently issued reports on NRG. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. SunTrust Banks upped their price objective on shares of NRG Energy from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Macquarie upped their price objective on shares of NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Bank of America upped their price objective on shares of NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. NRG Energy currently has an average rating of “Buy” and a consensus price target of $38.17.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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