166,735 Shares in NRG Energy, Inc. $NRG Bought by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 166,735 shares of the utilities provider’s stock, valued at approximately $27,003,000. Border to Coast Pensions Partnership Ltd owned approximately 0.09% of NRG Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. Aviva PLC raised its position in shares of NRG Energy by 9.7% during the 2nd quarter. Aviva PLC now owns 155,392 shares of the utilities provider’s stock worth $24,953,000 after purchasing an additional 13,757 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of NRG Energy by 68.2% in the second quarter. American Century Companies Inc. now owns 251,366 shares of the utilities provider’s stock worth $40,364,000 after acquiring an additional 101,922 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of NRG Energy in the second quarter worth $418,000. Trek Financial LLC acquired a new stake in shares of NRG Energy during the second quarter valued at $3,368,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of NRG Energy during the third quarter valued at $25,268,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NRG. Jefferies Financial Group reduced their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. UBS Group began coverage on shares of NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 29th. Wells Fargo & Company boosted their price target on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets raised their price objective on NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.91.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Brian Curci sold 46,976 shares of NRG Energy stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total transaction of $7,461,667.84. Following the transaction, the vice president directly owned 46,113 shares of the company’s stock, valued at $7,324,588.92. The trade was a 50.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the sale, the vice president owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This represents a 31.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 192,556 shares of company stock worth $30,826,846 in the last quarter. Company insiders own 0.86% of the company’s stock.

NRG Energy Trading Down 5.2%

NRG stock opened at $144.20 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 21.55 and a beta of 1.27. The business has a fifty day simple moving average of $157.27 and a 200-day simple moving average of $159.91. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.53 billion. NRG Energy had a return on equity of 103.57% and a net margin of 4.84%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 earnings per share. On average, equities research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, February 2nd. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s dividend payout ratio (DPR) is presently 28.40%.

NRG Energy declared that its board has approved a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the utilities provider to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.