World Asset Management Inc Has $783,000 Position in NRG Energy, Inc. (NRG)
World Asset Management Inc reduced its position in shares of NRG Energy, Inc. (NYSE:NRG) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,581 shares of the utilities provider’s stock after selling 2,126 shares during the period. World Asset Management Inc owned approximately 9,663.46% of NRG Energy worth $783,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new position in NRG Energy in the second quarter valued at about $112,000. Campbell & CO Investment Adviser LLC purchased a new position in NRG Energy in the second quarter valued at about $186,000. Parkwood LLC purchased a new position in NRG Energy in the third quarter valued at about $205,000. Thrivent Financial For Lutherans increased its holdings in NRG Energy by 4.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after buying an additional 510 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in NRG Energy in the second quarter valued at about $209,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on NRG. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. Finally, Bank of America Corporation began coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.67.
NRG Energy, Inc. (NYSE:NRG) opened at $28.35 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28. NRG Energy, Inc. has a 12 month low of $10.75 and a 12 month high of $28.67. The firm has a market cap of $8,808.97, a P/E ratio of 20.61 and a beta of 1.25.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.27 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.42%. NRG Energy’s dividend payout ratio (DPR) is currently -2.35%.
In other news, Director Barry T. Smitherman bought 2,541 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased 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 $1,390,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.
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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