E. Ohman J or Asset Management AB Makes New $763,000 Investment in NRG Energy, Inc. $NRG

E. Ohman J or Asset Management AB acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,792 shares of the utilities provider’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Holocene Advisors LP lifted its stake in NRG Energy by 113.3% in the second quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock worth $231,921,000 after purchasing an additional 767,014 shares during the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after buying an additional 734,624 shares during the last quarter. Consolidated Press International Holdings Ltd. bought a new position in shares of NRG Energy during the third quarter valued at about $98,360,000. Bessemer Group Inc. increased its holdings in shares of NRG Energy by 4,470.7% in the third quarter. Bessemer Group Inc. now owns 614,524 shares of the utilities provider’s stock worth $99,521,000 after buying an additional 601,079 shares during the period. Finally, Merewether Investment Management LP bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $85,951,000. Institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 12,383 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total value of $1,938,682.48. Following the completion of the transaction, the chief financial officer directly owned 79,147 shares in the company, valued at $12,391,254.32. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the sale, the vice president directly owned 63,920 shares in the company, valued at $10,147,939.20. The trade was a 41.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 177,556 shares of company stock worth $28,333,696. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NRG shares. Jefferies Financial Group dropped their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Wells Fargo & Company lifted their price objective on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $153.00 target price on NRG Energy in a research note on Tuesday, February 17th. UBS Group initiated coverage on NRG Energy in a report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price for the company. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $198.43.

NRG Energy Stock Performance

NRG Energy stock opened at $151.00 on Thursday. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $189.96. The stock’s 50 day simple moving average is $159.32 and its two-hundred day simple moving average is $162.13. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. The stock has a market cap of $32.40 billion, a price-to-earnings ratio of 38.32 and a beta of 1.26.

NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company posted $1.56 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.3%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. NRG Energy’s dividend payout ratio is currently 48.22%.

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.