WINTON GROUP Ltd Buys Shares of 9,574 NRG Energy, Inc. (NYSE:NRG)

WINTON GROUP Ltd bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 9,574 shares of the utilities provider’s stock, valued at approximately $745,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. acquired a new position in NRG Energy during the second quarter worth $217,671,000. Capitolis Liquid Global Markets LLC lifted its position in NRG Energy by 253.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after buying an additional 1,266,000 shares during the period. Zimmer Partners LP acquired a new stake in shares of NRG Energy in the first quarter worth approximately $64,306,000. Assenagon Asset Management S.A. boosted its holdings in shares of NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in NRG Energy by 114.3% during the second quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock valued at $65,205,000 after acquiring an additional 446,743 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG Energy stock opened at $81.32 on Wednesday. NRG Energy, Inc. has a 12-month low of $36.61 and a 12-month high of $87.58. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The stock has a 50-day simple moving average of $78.31 and a 200 day simple moving average of $75.85.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.4075 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.63 annualized dividend and a yield of 2.00%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company upped their target price on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Morgan Stanley upped their price target on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.75.

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.