OMERS ADMINISTRATION Corp Boosts Holdings in NRG Energy, Inc. (NYSE:NRG)

OMERS ADMINISTRATION Corp boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,292 shares of the utilities provider’s stock after acquiring an additional 1,460 shares during the period. OMERS ADMINISTRATION Corp’s holdings in NRG Energy were worth $838,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in NRG Energy during the 4th quarter valued at about $32,000. Mizuho Bank Ltd. purchased a new position in NRG Energy during the 4th quarter valued at about $41,000. UMB Bank n.a. lifted its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the period. Princeton Global Asset Management LLC lifted its position in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC lifted its position in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 347 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NRG shares. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Jefferies Financial Group raised their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $140.75.

NRG Energy Stock Performance

Shares of NRG stock opened at $159.18 on Friday. The company has a 50 day moving average price of $105.92 and a 200-day moving average price of $101.07. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $159.24. The firm has a market capitalization of $32.42 billion, a PE ratio of 40.00, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the business posted $2.31 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. NRG Energy’s dividend payout ratio is presently 28.39%.

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.