Foster & Motley Inc. Acquires 4,455 Shares of NRG Energy, Inc. (NYSE:NRG)

Foster & Motley Inc. lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 93.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,247 shares of the utilities provider’s stock after acquiring an additional 4,455 shares during the quarter. Foster & Motley Inc.’s holdings in NRG Energy were worth $842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Banco Santander S.A. bought a new position in NRG Energy during the second quarter worth about $217,671,000. Capitolis Liquid Global Markets LLC increased its position in NRG Energy by 253.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after acquiring an additional 1,266,000 shares during the period. Zimmer Partners LP bought a new position in shares of NRG Energy during the first quarter worth approximately $64,306,000. Fred Alger Management LLC acquired a new position in NRG Energy in the 2nd quarter valued at $53,773,000. Finally, Assenagon Asset Management S.A. raised its stake in NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NRG has been the subject of several recent analyst reports. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group initiated coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.00.

NRG Energy Price Performance

Shares of NYSE NRG opened at $96.40 on Friday. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $97.35. The firm’s 50-day simple moving average is $86.99 and its 200 day simple moving average is $81.50.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.29 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.69%. NRG Energy’s dividend payout ratio (DPR) is presently 17.76%.

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.