Janney Montgomery Scott LLC Invests $632,000 in NRG Energy, Inc. (NYSE:NRG)

Janney Montgomery Scott LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,497 shares of the utilities provider’s stock, valued at approximately $632,000.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Charles Schwab Investment Management Inc. raised its stake in NRG Energy by 145.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,746,180 shares of the utilities provider’s stock valued at $182,064,000 after purchasing an additional 2,812,434 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in NRG Energy by 65.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,270,259 shares of the utilities provider’s stock valued at $48,486,000 after purchasing an additional 501,645 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in NRG Energy by 797.7% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 434,542 shares of the utilities provider’s stock valued at $16,586,000 after purchasing an additional 386,135 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in NRG Energy by 482.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 415,512 shares of the utilities provider’s stock valued at $15,860,000 after purchasing an additional 344,159 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in NRG Energy by 24.1% in the 2nd quarter. Legal & General Group Plc now owns 1,593,069 shares of the utilities provider’s stock valued at $60,808,000 after purchasing an additional 309,411 shares during the last quarter. 99.98% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NYSE NRG opened at $32.21 on Friday. The stock has a market cap of $7.42 billion, a PE ratio of 4.09, a P/E/G ratio of 0.53 and a beta of 0.93. 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 twelve month low of $30.64 and a twelve month high of $47.82. The stock has a fifty day simple moving average of $35.38 and a 200-day simple moving average of $38.90.

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

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 4.69%. This is a boost from NRG Energy’s previous quarterly dividend of $0.35. NRG Energy’s dividend payout ratio (DPR) is 17.77%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group downgraded NRG Energy from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 7th. BMO Capital Markets cut their target price on NRG Energy from $46.00 to $43.00 in a research note on Thursday, December 8th. StockNews.com started coverage on NRG Energy in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley downgraded NRG Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $47.00 to $37.00 in a research note on Friday, December 9th. Finally, Bank of America raised NRG Energy from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $32.00 in a research note on Monday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.

Insider Activity at NRG Energy

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

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.

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

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