Dorsey Wright & Associates Grows Holdings in NRG Energy Inc (NRG)

Dorsey Wright & Associates grew its holdings in NRG Energy Inc (NYSE:NRG) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 210,942 shares of the utilities provider’s stock after acquiring an additional 1,487 shares during the quarter. NRG Energy accounts for approximately 2.2% of Dorsey Wright & Associates’ holdings, making the stock its largest holding. Dorsey Wright & Associates owned 0.08% of NRG Energy worth $8,961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Oregon Public Employees Retirement Fund raised its stake in shares of NRG Energy by 3,810.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 1,249,537 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of NRG Energy by 202.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,493 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 1,000 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of NRG Energy by 320.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 1,600 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of NRG Energy in the fourth quarter worth about $91,000. Finally, Private Capital Group LLC raised its stake in shares of NRG Energy by 67.9% in the fourth quarter. Private Capital Group LLC now owns 2,498 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 1,010 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on NRG Energy from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, January 23rd. Macquarie set a $48.00 price objective on NRG Energy and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Deutsche Bank set a $43.00 price objective on NRG Energy and gave the stock a “hold” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.14.

In related news, SVP David Callen sold 41,011 shares of NRG Energy stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the completion of the transaction, the senior vice president now directly owns 58,130 shares in the company, valued at $2,431,577.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Shares of NRG stock opened at $40.92 on Friday. The company has a market cap of $11.53 billion, a P/E ratio of 16.98, a P/E/G ratio of 0.20 and a beta of 0.78. NRG Energy Inc has a twelve month low of $29.90 and a twelve month high of $43.66.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. NRG Energy had a return on equity of 129.32% and a net margin of 2.58%. As a group, equities analysts predict that NRG Energy Inc will post 4.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently 4.98%.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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