Two Sigma Advisers LP Has $44.80 Million Position in NRG Energy, Inc. (NYSE:NRG)

Two Sigma Advisers LP reduced its position in shares of NRG Energy, Inc. (NYSE:NRG) by 66.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 496,550 shares of the utilities provider’s stock after selling 962,500 shares during the period. Two Sigma Advisers LP’s holdings in NRG Energy were worth $44,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NRG. SBI Securities Co. Ltd. acquired a new position in NRG Energy in the 4th quarter valued at $32,000. UMB Bank n.a. raised its holdings in NRG Energy by 100.4% in 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 in the last quarter. Mizuho Bank Ltd. acquired a new position in NRG Energy in the 4th quarter valued at $41,000. Princeton Global Asset Management LLC raised its holdings in NRG Energy by 414.9% in 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 in the last quarter. Finally, Larson Financial Group LLC raised its holdings in NRG Energy by 221.0% in 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 in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NRG has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective for the company. Evercore ISI upgraded 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 note on Tuesday, January 21st. Morgan Stanley lifted their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Guggenheim lifted their price target on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.75.

NRG Energy Trading Up 1.3%

Shares of NRG stock opened at $161.22 on Tuesday. The firm has a market capitalization of $31.52 billion, a P/E ratio of 40.51, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.78. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock’s fifty day simple moving average is $107.30 and its 200 day simple moving average is $101.66.

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

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.09%. NRG Energy’s dividend payout ratio is currently 28.39%.

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.