Edgestream Partners L.P. grew its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,286 shares of the utilities provider’s stock after acquiring an additional 4,284 shares during the quarter. Edgestream Partners L.P.’s holdings in NRG Energy were worth $1,432,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of NRG. ING Groep NV acquired a new stake in shares of NRG Energy in the first quarter valued at approximately $114,390,000. National Bank of Canada FI raised its stake in shares of NRG Energy by 232.7% during the second quarter. National Bank of Canada FI now owns 4,345,372 shares of the utilities provider’s stock worth $163,473,000 after purchasing an additional 3,039,331 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of NRG Energy during the second quarter worth approximately $108,950,000. Charles Schwab Investment Management Inc. raised its stake in shares of NRG Energy by 145.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,746,180 shares of the utilities provider’s stock worth $182,064,000 after purchasing an additional 2,812,434 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of NRG Energy by 50.4% during the first quarter. AQR Capital Management LLC now owns 5,181,904 shares of the utilities provider’s stock worth $173,438,000 after purchasing an additional 1,737,001 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on NRG shares. Morgan Stanley upped their price target on NRG Energy from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 25th. Guggenheim upgraded NRG Energy from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, November 1st. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS Group upgraded NRG Energy from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $33.00 to $46.00 in a research report on Monday, November 6th. Finally, BMO Capital Markets increased their price objective on NRG Energy from $45.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Hold” and an average target price of $45.80.
NRG Energy Trading Down 1.6 %
Shares of NRG stock opened at $47.29 on Tuesday. NRG Energy, Inc. has a fifty-two week low of $30.25 and a fifty-two week high of $48.58. The stock has a market cap of $10.68 billion, a P/E ratio of -6.13, a P/E/G ratio of 0.69 and a beta of 0.99. The business has a fifty day simple moving average of $41.63 and a 200-day simple moving average of $37.94. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 3.75.
NRG Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Tuesday, October 31st. NRG Energy’s dividend payout ratio is currently -19.56%.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West segments. The company is involved in producing and selling electricity and related products and services to approximately residential, commercial, industrial, and wholesale customers.
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