NRG Energy, Inc. $NRG Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,225,329 shares of the utilities provider’s stock after acquiring an additional 86,528 shares during the quarter. Schroder Investment Management Group owned about 0.64% of NRG Energy worth $198,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Quent Capital LLC purchased a new stake in NRG Energy during the 3rd quarter worth $25,000. Atlantic Union Bankshares Corp increased its position in shares of NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 85 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in NRG Energy in the second quarter valued at about $35,000. Zions Bancorporation National Association UT grew its stake in NRG Energy by 32.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 93 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in NRG Energy during the 3rd quarter valued at approximately $67,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NRG. Evercore began coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target for the company. Jefferies Financial Group reduced their price objective on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Raymond James Financial reissued a “strong-buy” rating and issued a $225.00 target price on shares of NRG Energy in a research report on Monday, February 23rd. Morgan Stanley set a $153.00 target price on shares of NRG Energy in a research note on Tuesday, February 17th. Finally, Weiss Ratings lowered NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average price target of $196.33.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the sale, the vice president directly owned 63,920 shares in the company, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bruce Chung sold 12,383 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the transaction, the chief financial officer directly owned 79,147 shares of the company’s stock, valued at approximately $12,391,254.32. This trade represents a 13.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 172,556 shares of company stock valued at $27,550,446. Insiders own 0.61% of the company’s stock.

NRG Energy Stock Up 0.7%

Shares of NYSE:NRG opened at $155.44 on Tuesday. The company’s fifty day moving average is $159.73 and its two-hundred day moving average is $161.69. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $189.96. The stock has a market capitalization of $33.30 billion, a price-to-earnings ratio of 39.45 and a beta of 1.26.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company earned $1.56 EPS. NRG Energy’s quarterly revenue was up 13.7% on a year-over-year basis. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, February 2nd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s payout ratio is currently 48.22%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.