BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 14,186 Shares of NRG Energy, Inc. (NYSE:NRG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 52.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,141 shares of the utilities provider’s stock after purchasing an additional 14,186 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NRG Energy were worth $3,203,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NRG. Janney Montgomery Scott LLC boosted its position in shares of NRG Energy by 55.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 3,374 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of NRG Energy by 79.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,466 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 5,090 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of NRG Energy by 6.6% in the 4th quarter. TD Asset Management Inc now owns 61,518 shares of the utilities provider’s stock worth $3,180,000 after acquiring an additional 3,782 shares in the last quarter. TFO Wealth Partners LLC grew its position in NRG Energy by 32,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,891 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 3,879 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in NRG Energy by 46.9% during the 4th quarter. Bank of Nova Scotia now owns 20,013 shares of the utilities provider’s stock valued at $1,035,000 after purchasing an additional 6,393 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 0.7 %

NYSE:NRG opened at $91.22 on Friday. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 12.92 and a beta of 1.10. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $93.17. The business’s 50-day moving average price is $80.08 and its two-hundred day moving average price is $77.31. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter last year, the firm earned $1.10 EPS. NRG Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that NRG Energy, Inc. will post 5.51 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio is currently 23.09%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their price target on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Jefferies Financial Group assumed coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.75.

NRG Energy Company Profile

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.