Consolidated Press International Holdings Ltd. Takes $98.36 Million Position in NRG Energy, Inc. $NRG

Consolidated Press International Holdings Ltd. acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 607,350 shares of the utilities provider’s stock, valued at approximately $98,360,000. NRG Energy comprises about 15.6% of Consolidated Press International Holdings Ltd.’s holdings, making the stock its 4th largest holding. Consolidated Press International Holdings Ltd. owned approximately 0.32% of NRG Energy as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Holocene Advisors LP grew its holdings in NRG Energy by 113.3% in the second quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock worth $231,921,000 after purchasing an additional 767,014 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after purchasing an additional 734,624 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of NRG Energy by 4,470.7% during the 3rd quarter. Bessemer Group Inc. now owns 614,524 shares of the utilities provider’s stock valued at $99,521,000 after purchasing an additional 601,079 shares during the last quarter. Merewether Investment Management LP acquired a new stake in shares of NRG Energy in the 3rd quarter worth $85,951,000. Finally, TimesSquare Capital Management LLC purchased a new position in NRG Energy during the 3rd quarter worth $76,415,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NRG. Evercore began coverage on NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price on the stock. UBS Group assumed coverage on NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 price target on the stock. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Morgan Stanley set a $153.00 target price on shares of NRG Energy in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company boosted their target price on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $196.33.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the transaction, the vice president directly owned 63,920 shares in the company, valued at $10,147,939.20. The trade was a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the completion of the sale, the chief financial officer directly owned 79,147 shares in the company, valued at approximately $12,391,254.32. The trade was a 13.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 172,556 shares of company stock valued at $27,550,446 over the last 90 days. Insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 0.4%

NRG Energy stock opened at $152.75 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $189.96. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 38.77 and a beta of 1.26. The stock has a 50-day moving average price of $159.01 and a 200 day moving average price of $161.77.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the company posted $1.56 EPS. NRG Energy’s quarterly revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a $0.475 dividend. The ex-dividend date was Monday, February 2nd. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio (DPR) is currently 48.22%.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.