AGF Management Ltd. Takes $7.37 Million Position in NRG Energy, Inc. (NYSE:NRG)

AGF Management Ltd. purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 94,626 shares of the utilities provider’s stock, valued at approximately $7,368,000.

Several other institutional investors and hedge funds have also modified their holdings of NRG. Banco Santander S.A. acquired a new position in shares of NRG Energy in the second quarter valued at about $217,671,000. Capitolis Liquid Global Markets LLC grew its stake in shares of NRG Energy by 253.2% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after acquiring an additional 1,266,000 shares in the last quarter. Zimmer Partners LP acquired a new stake in NRG Energy during the first quarter worth about $64,306,000. Assenagon Asset Management S.A. grew its stake in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after buying an additional 633,765 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in NRG Energy during the first quarter worth about $26,448,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Morgan Stanley increased their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.57.

NRG Energy Trading Down 0.3 %

NRG opened at $79.80 on Friday. The company’s 50 day moving average is $78.19 and its 200-day moving average is $75.18. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $87.58. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The company has a market cap of $16.64 billion, a P/E ratio of 11.30 and a beta of 1.10.

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

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 2.04%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

NRG Energy Company Profile

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.