IFM Investors Pty Ltd Boosts Holdings in NRG Energy, Inc. (NYSE:NRG)

IFM Investors Pty Ltd increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,270 shares of the utilities provider’s stock after purchasing an additional 1,104 shares during the period. IFM Investors Pty Ltd’s holdings in NRG Energy were worth $2,861,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mather Group LLC. purchased a new position in shares of NRG Energy in the first quarter valued at about $33,000. Authentikos Wealth Advisory LLC bought a new stake in shares of NRG Energy in the third quarter worth about $41,000. CENTRAL TRUST Co increased its holdings in NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. raised its position in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of NRG Energy in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on NRG shares. Morgan Stanley upped their target price on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. TheStreet upgraded shares of NRG Energy from a “c+” rating to a “b” rating in a report on Friday, December 29th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI raised their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.50.

Insider Activity

In related news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 0.1 %

NYSE:NRG traded down $0.05 during mid-day trading on Friday, hitting $72.81. 1,681,813 shares of the company’s stock were exchanged, compared to its average volume of 3,483,575. The company has a market cap of $15.63 billion, a PE ratio of -68.06 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96. NRG Energy, Inc. has a one year low of $30.52 and a one year high of $76.54. The business has a fifty day moving average price of $65.17 and a 200 day moving average price of $54.18.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. Equities analysts predict that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.24%. NRG Energy’s dividend payout ratio is currently -152.34%.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.