State of Wisconsin Investment Board raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,652 shares of the utilities provider’s stock after acquiring an additional 4,180 shares during the quarter. State of Wisconsin Investment Board’s holdings in NRG Energy were worth $2,473,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. ING Groep NV raised its holdings in NRG Energy by 0.4% during the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 65 shares during the period. Contravisory Investment Management Inc. raised its holdings in NRG Energy by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 110 shares during the period. Louisiana State Employees Retirement System raised its holdings in NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System raised its holdings in NRG Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock valued at $1,350,000 after acquiring an additional 200 shares during the period. Finally, Sentry Investment Management LLC raised its holdings in NRG Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock valued at $374,000 after acquiring an additional 243 shares during the period. 93.69% of the stock is currently owned by institutional investors and hedge funds.

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NRG has been the topic of a number of recent analyst reports. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, September 12th. Bank of America Corporation initiated coverage on NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target on the stock. ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price target on shares of NRG Energy in a report on Friday, October 20th. Finally, BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. NRG Energy has a consensus rating of “Buy” and an average price target of $24.67.

In related news, Director Barry T. Smitherman purchased 2,541 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the completion of the transaction, the director now owns 49,000 shares in the company, valued at approximately $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

NRG Energy, Inc. (NYSE NRG) opened at $29.22 on Thursday. The firm has a market capitalization of $9,331.43, a PE ratio of 21.83 and a beta of 1.25. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24. NRG Energy, Inc. has a 12-month low of $10.75 and a 12-month high of $29.78.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. sell-side analysts forecast that NRG Energy, Inc. will post 0.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. NRG Energy’s payout ratio is -2.35%.

NRG Energy Company Profile

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.

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

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