Mutual of America Capital Management LLC Buys 21,351 Shares of NRG Energy, Inc. (NYSE:NRG)

Mutual of America Capital Management LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,826 shares of the utilities provider’s stock after acquiring an additional 21,351 shares during the period. Mutual of America Capital Management LLC’s holdings in NRG Energy were worth $8,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NRG. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 205 shares during the period. World Investment Advisors raised its stake in shares of NRG Energy by 9.8% during the 4th quarter. World Investment Advisors now owns 3,060 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 273 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in NRG Energy in the 4th quarter worth about $5,684,000. Finally, Envestnet Asset Management Inc. increased its holdings in NRG Energy by 25.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 207,815 shares of the utilities provider’s stock worth $18,749,000 after acquiring an additional 42,570 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NRG. Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Citigroup lifted their price objective on NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Barclays set a $197.00 price objective on NRG Energy and gave the stock an “overweight” rating in a report on Thursday, June 26th. Guggenheim lifted their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $162.10.

NRG Energy Stock Down 13.5%

Shares of NYSE NRG opened at $148.67 on Thursday. NRG Energy, Inc. has a 12 month low of $71.90 and a 12 month high of $175.96. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.43 and a beta of 1.14. The business has a 50-day moving average of $155.82 and a 200-day moving average of $125.33.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.63 billion. During the same period in the previous year, the firm posted $3.37 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy’s payout ratio is presently 28.39%.

Insider Activity at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the transaction, the director owned 55,427 shares of the company’s stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

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.