GAMMA Investing LLC Invests $106,000 in NRG Energy, Inc. (NYSE:NRG)

GAMMA Investing LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,007 shares of the utilities provider’s stock, valued at approximately $106,000.

Several other large investors also recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC boosted its holdings in NRG Energy by 3,477.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock valued at $37,618,000 after acquiring an additional 949,289 shares during the last quarter. Wellington Management Group LLP boosted its holdings in NRG Energy by 486.2% in the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock valued at $34,688,000 after acquiring an additional 746,899 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in NRG Energy by 105.1% in the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after acquiring an additional 689,941 shares during the last quarter. Rubric Capital Management LP boosted its holdings in NRG Energy by 91.6% during the third quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock worth $50,770,000 after buying an additional 629,993 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NRG Energy by 139.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 913,237 shares of the utilities provider’s stock worth $35,178,000 after buying an additional 532,320 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $72.81 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The business has a fifty day moving average price of $65.17 and a two-hundred day moving average price of $54.37. NRG Energy, Inc. has a fifty-two week low of $30.52 and a fifty-two week high of $76.54.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.20. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. On average, equities research analysts anticipate that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.24%. NRG Energy’s dividend payout ratio is presently -152.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NRG shares. BMO Capital Markets raised their price target on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Morgan Stanley boosted their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Citigroup lifted their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.50.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.