Comerica Bank boosted its position in NRG Energy Inc (NYSE:NRG) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,263 shares of the utilities provider’s stock after buying an additional 1,801 shares during the period. Comerica Bank’s holdings in NRG Energy were worth $1,143,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in NRG Energy by 431.7% in the third quarter. Toronto Dominion Bank now owns 9,204 shares of the utilities provider’s stock valued at $103,000 after buying an additional 7,473 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in NRG Energy during the third quarter valued at approximately $114,000. BB&T Securities LLC bought a new position in NRG Energy during the third quarter valued at approximately $136,000. Sunnymeath Asset Management Inc. bought a new position in NRG Energy during the third quarter valued at approximately $146,000. Finally, Norinchukin Bank The increased its position in NRG Energy by 2.2% in the third quarter. Norinchukin Bank The now owns 16,879 shares of the utilities provider’s stock valued at $189,000 after buying an additional 361 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
NRG Energy Inc (NYSE:NRG) traded down 1.16% during midday trading on Friday, reaching $17.04. 4,648,668 shares of the company traded hands. The firm has a 50-day moving average price of $18.08 and a 200-day moving average price of $14.44. The firm’s market capitalization is $5.38 billion. NRG Energy Inc has a one year low of $9.84 and a one year high of $19.07.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, February 28th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $1.00. The business earned $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. NRG Energy had a positive return on equity of 10.15% and a negative net margin of 47.59%. During the same period last year, the company earned ($2.65) EPS. Equities analysts predict that NRG Energy Inc will post $0.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 27th. NRG Energy’s payout ratio is -0.66%.
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NRG has been the topic of several research reports. Goldman Sachs Group Inc upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $26.00 in a report on Wednesday, March 29th. Zacks Investment Research downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th. Citigroup Inc upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, February 24th. TheStreet upgraded shares of NRG Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, February 1st. Finally, Deutsche Bank AG decreased their price target on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.50.
In other NRG Energy news, Director John C. Wilder, Jr. purchased 1,200,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was purchased at an average cost of $17.47 per share, with a total value of $20,964,000.00. Following the purchase, the director now owns 8,060 shares of the company’s stock, valued at $140,808.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% 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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