5,461 Shares in NRG Energy Inc (NRG) Purchased by Wealthsource Partners LLC

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Wealthsource Partners LLC acquired a new position in NRG Energy Inc (NYSE:NRG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,461 shares of the utilities provider’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also made changes to their positions in NRG. FMR LLC lifted its holdings in shares of NRG Energy by 27.3% in the 3rd quarter. FMR LLC now owns 14,143,074 shares of the utilities provider’s stock worth $528,952,000 after acquiring an additional 3,032,733 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of NRG Energy by 362.4% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,838,175 shares of the utilities provider’s stock worth $143,547,000 after acquiring an additional 3,008,067 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of NRG Energy by 33.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,946,617 shares of the utilities provider’s stock worth $259,803,000 after acquiring an additional 1,748,586 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NRG Energy by 67.9% in the 3rd quarter. Alliancebernstein L.P. now owns 3,881,049 shares of the utilities provider’s stock worth $145,151,000 after acquiring an additional 1,569,817 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NRG Energy by 45.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,002,481 shares of the utilities provider’s stock valued at $92,177,000 after buying an additional 937,092 shares during the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.

NYSE:NRG opened at $40.53 on Friday. NRG Energy Inc has a 52 week low of $23.75 and a 52 week high of $41.29. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.57 and a quick ratio of 1.42. The firm has a market cap of $11.76 billion, a P/E ratio of 37.18 and a beta of 1.05.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.94 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.18). NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that NRG Energy Inc will post 3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.03 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.12 annualized dividend and a yield of 0.30%. NRG Energy’s dividend payout ratio (DPR) is presently 11.01%.

In other NRG Energy news, EVP Elizabeth R. Killinger sold 24,600 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $35.84, for a total value of $881,664.00. Following the completion of the transaction, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Moser sold 43,975 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $35.11, for a total transaction of $1,543,962.25. Following the completion of the transaction, the executive vice president now owns 61,075 shares of the company’s stock, valued at $2,144,343.25. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on NRG shares. Zacks Investment Research lowered shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 18th. Macquarie upped their price target on shares of NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. Bank of America upped their price target on shares of NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 27th. ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Finally, SunTrust Banks upped their price target on shares of NRG Energy from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $38.17.

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About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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