Czech National Bank Invests $1.05 Million in NRG Energy, Inc. (NYSE:NRG)

Czech National Bank purchased a new position in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,321 shares of the utilities provider’s stock, valued at approximately $1,046,000.

A number of other large investors have also modified their holdings of NRG. First Horizon Advisors Inc. grew its stake in shares of NRG Energy by 206.8% during the second quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 459 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of NRG Energy by 163.0% during the third quarter. Ronald Blue Trust Inc. now owns 1,073 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 665 shares during the last quarter. West Oak Capital LLC boosted its position in NRG Energy by 300.0% in the second quarter. West Oak Capital LLC now owns 1,600 shares of the utilities provider’s stock valued at $61,000 after buying an additional 1,200 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in NRG Energy by 3,223.5% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the utilities provider’s stock valued at $65,000 after buying an additional 1,644 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in NRG Energy in the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 99.98% of the company’s stock.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Antonio Carrillo bought 9,000 shares of NRG Energy stock in a transaction dated Thursday, December 15th. The stock was acquired at an average cost of $31.71 per share, with a total value of $285,390.00. Following the purchase, the director now directly owns 27,446 shares in the company, valued at approximately $870,312.66. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mauricio Gutierrez acquired 15,000 shares of NRG Energy stock in a transaction that occurred on Thursday, December 15th. The stock was purchased at an average cost of $32.03 per share, with a total value of $480,450.00. Following the purchase, the chief executive officer now owns 1,111,368 shares in the company, valued at $35,597,117.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Antonio Carrillo acquired 9,000 shares of NRG Energy stock in a transaction that occurred on Thursday, December 15th. The stock was purchased at an average cost of $31.71 per share, with a total value of $285,390.00. Following the completion of the purchase, the director now owns 27,446 shares in the company, valued at approximately $870,312.66. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

NRG Energy Trading Down 2.3 %

NRG Energy stock opened at $31.88 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 1.55. NRG Energy, Inc. has a 12 month low of $30.64 and a 12 month high of $47.82. The stock’s 50 day simple moving average is $36.65 and its two-hundred day simple moving average is $39.14. The firm has a market cap of $7.34 billion, a PE ratio of 4.05, a P/E/G ratio of 0.53 and a beta of 0.93.

NRG Energy (NYSE:NRGGet Rating) last announced its earnings results on Monday, November 7th. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.35). The business had revenue of $8.51 billion for the quarter, compared to analyst estimates of $5.90 billion. NRG Energy had a negative return on equity of 0.66% and a net margin of 6.15%. Analysts anticipate that NRG Energy, Inc. will post 11.12 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Monday, October 31st. NRG Energy’s payout ratio is 17.77%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NRG. StockNews.com began coverage on NRG Energy in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America upgraded NRG Energy from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $32.00 in a research report on Monday, December 19th. Morgan Stanley lowered NRG Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $47.00 to $37.00 in a research report on Friday, December 9th. UBS Group lowered NRG Energy from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 7th. Finally, BMO Capital Markets lowered their price objective on NRG Energy from $46.00 to $43.00 in a research report on Thursday, December 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.00.

NRG Energy Company Profile

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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.

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

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