Janus Henderson Group PLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,671,449 shares of the utilities provider’s stock after acquiring an additional 1,154,171 shares during the period. Janus Henderson Group PLC owned 2.11% of NRG Energy worth $170,723,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System grew its position in NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after buying an additional 200 shares during the period. US Bancorp DE grew its holdings in NRG Energy by 5.0% during the 2nd quarter. US Bancorp DE now owns 38,502 shares of the utilities provider’s stock worth $663,000 after acquiring an additional 1,827 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in NRG Energy by 293.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 222,484 shares of the utilities provider’s stock worth $3,830,000 after acquiring an additional 165,966 shares in the last quarter. Sei Investments Co. grew its holdings in NRG Energy by 319.6% during the 2nd quarter. Sei Investments Co. now owns 38,714 shares of the utilities provider’s stock worth $666,000 after acquiring an additional 29,488 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in NRG Energy by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 153,257 shares of the utilities provider’s stock worth $2,639,000 after acquiring an additional 520 shares in the last quarter. 97.35% of the stock is owned by institutional investors.
In other NRG Energy news, Director Barry T. Smitherman purchased 2,541 shares of NRG Energy stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $28.38 per share, with a total value of $72,113.58. Following the transaction, the director now owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.51). NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. analysts anticipate that NRG Energy, Inc. will post 0.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, October 31st. NRG Energy’s dividend payout ratio is presently -2.35%.
NRG has been the topic of several recent research reports. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, September 12th. SunTrust Banks restated a “hold” rating and issued a $25.00 price target on shares of NRG Energy in a report on Friday, October 20th. Bank of America started coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.67.
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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