Versor Investments LP Takes $594,000 Position in NRG Energy, Inc. $NRG

Versor Investments LP bought a new stake in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,700 shares of the utilities provider’s stock, valued at approximately $594,000.

Several other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in NRG Energy during the second quarter valued at approximately $426,000. Kesler Norman & Wride LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth $241,000. Simon Quick Advisors LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth $413,000. AdvisorShares Investments LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth $472,000. Finally, Amalgamated Bank raised its holdings in shares of NRG Energy by 6.8% during the 2nd quarter. Amalgamated Bank now owns 44,959 shares of the utilities provider’s stock worth $7,220,000 after buying an additional 2,852 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on NRG shares. Morgan Stanley lowered their target price on NRG Energy from $145.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Barclays upped their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Wells Fargo & Company upgraded shares of NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Buy” and an average price target 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 quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a fifty day moving average of $162.90 and a 200-day moving average of $153.03. The stock has a market cap of $32.51 billion, a PE 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 analyst estimates of $6.63 billion. During the same quarter last year, the company earned $3.37 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued 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 is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 79.64%.

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.