D.A. Davidson & CO. Makes New $335,000 Investment in NRG Energy, Inc. (NYSE:NRG)

D.A. Davidson & CO. bought a new position in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,742 shares of the utilities provider’s stock, valued at approximately $335,000.

Several other institutional investors have also recently bought and sold shares of NRG. Raymond James & Associates raised its stake in NRG Energy by 30.5% during the fourth quarter. Raymond James & Associates now owns 122,811 shares of the utilities provider’s stock worth $5,291,000 after acquiring an additional 28,671 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of NRG Energy by 281.5% during the fourth quarter. Lazard Asset Management LLC now owns 44,023 shares of the utilities provider’s stock worth $1,896,000 after purchasing an additional 32,485 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of NRG Energy by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 78,160 shares of the utilities provider’s stock worth $3,371,000 after purchasing an additional 1,130 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of NRG Energy during the fourth quarter worth about $1,686,000. Finally, Aviva PLC grew its holdings in shares of NRG Energy by 26.0% during the fourth quarter. Aviva PLC now owns 52,368 shares of the utilities provider’s stock worth $2,256,000 after purchasing an additional 10,817 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRG. Bank of America cut NRG Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $43.00 to $42.00 in a report on Tuesday, June 7th. Morgan Stanley upped their target price on NRG Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Finally, The Goldman Sachs Group lowered their target price on NRG Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Hold” and an average price target of $43.80.

NRG Energy Stock Up 2.2 %

Shares of NYSE NRG opened at $41.69 on Thursday. NRG Energy, Inc. has a 52 week low of $34.70 and a 52 week high of $47.82. The business has a 50-day simple moving average of $39.14 and a two-hundred day simple moving average of $39.63. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The company has a market cap of $9.80 billion, a P/E ratio of 2.94, a P/E/G ratio of 1.20 and a beta of 0.84.

NRG Energy (NYSE:NRGGet Rating) last issued its earnings results on Thursday, August 4th. The utilities provider reported $2.16 EPS for the quarter, topping the consensus estimate of $0.80 by $1.36. NRG Energy had a return on equity of 33.75% and a net margin of 11.93%. The business had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue was up 38.9% compared to the same quarter last year. Research analysts anticipate that NRG Energy, Inc. will post 2.8 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.40 annualized dividend and a dividend yield of 3.36%. NRG Energy’s payout ratio is currently 9.87%.

NRG Energy Company Profile

(Get Rating)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

Further Reading

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

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