Genus Capital Management Inc. Buys 1,467 Shares of NRG Energy, Inc. $NRG

Genus Capital Management Inc. raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 7.7% in the second quarter, HoldingsChannel reports. The fund owned 20,567 shares of the utilities provider’s stock after acquiring an additional 1,467 shares during the period. Genus Capital Management Inc.’s holdings in NRG Energy were worth $3,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in shares of NRG Energy during the second quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of NRG Energy during the first quarter worth approximately $28,000. Bank of Jackson Hole Trust bought a new stake in shares of NRG Energy during the second quarter worth approximately $28,000. Key Financial Inc bought a new stake in shares of NRG Energy during the first quarter worth approximately $30,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of NRG Energy in the second quarter valued at about $32,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NRG. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Scotiabank began coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price for the company. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets boosted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Buy” and an average target price of $197.54.

NRG Energy Trading Down 3.7%

NRG opened at $168.08 on Wednesday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54. The company has a 50-day simple moving average of $162.90 and a 200 day simple moving average of $153.03. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market capitalization of $32.51 billion, a price-to-earnings ratio of 76.05 and a beta of 1.14.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the company earned $3.37 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio is currently 79.64%.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.