Worldquant Millennium Advisors LLC Has $33.41 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Worldquant Millennium Advisors LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 135.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 370,291 shares of the utilities provider’s stock after buying an additional 213,302 shares during the period. Worldquant Millennium Advisors LLC owned about 0.18% of NRG Energy worth $33,408,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Affinity Wealth Management LLC raised its holdings in shares of NRG Energy by 7.8% in the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock worth $3,857,000 after buying an additional 3,084 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in NRG Energy during the 4th quarter valued at $2,418,000. SBI Securities Co. Ltd. acquired a new stake in NRG Energy during the 4th quarter valued at $32,000. Townsquare Capital LLC increased its holdings in NRG Energy by 97.4% during the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 2,582 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in NRG Energy during the 4th quarter valued at $545,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Down 1.0%

Shares of NRG opened at $159.63 on Wednesday. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business’s fifty day moving average price is $108.67 and its two-hundred day moving average price is $102.07. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $161.78.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. The firm 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%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. On average, analysts predict 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 given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. NRG Energy’s dividend payout ratio is currently 28.39%.

Analysts Set New Price Targets

NRG has been the subject of a number of recent analyst reports. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They set a “buy” rating and a $129.00 price target for the company. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Guggenheim raised their price target on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.75.

NRG Energy 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.