Luxor Capital Group LP Has $64.32 Million Stake in NRG Energy, Inc. $NRG

Luxor Capital Group LP lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 100.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 397,170 shares of the utilities provider’s stock after purchasing an additional 199,313 shares during the quarter. NRG Energy comprises 3.0% of Luxor Capital Group LP’s portfolio, making the stock its 4th biggest holding. Luxor Capital Group LP’s holdings in NRG Energy were worth $64,322,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NRG. Mercer Global Advisors Inc. ADV increased its position in NRG Energy by 3.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 57,810 shares of the utilities provider’s stock valued at $9,362,000 after acquiring an additional 1,800 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in NRG Energy by 27.4% in the third quarter. Moneta Group Investment Advisors LLC now owns 2,197 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 472 shares during the last quarter. Moore Capital Management LP purchased a new position in shares of NRG Energy during the third quarter valued at approximately $3,575,000. L2 Asset Management LLC bought a new position in shares of NRG Energy during the third quarter valued at approximately $1,988,000. Finally, Jain Global LLC bought a new position in shares of NRG Energy during the third quarter valued at approximately $2,055,000. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, March 6th. They set a “buy” rating and a $197.00 price target for the company. Morgan Stanley set a $153.00 target price on NRG Energy in a research note on Tuesday, February 17th. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Evercore assumed coverage on shares of NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target on the stock. Finally, Jefferies Financial Group decreased their price objective on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.33.

Insider Buying and Selling

In other news, VP Brian Curci sold 46,976 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total value of $7,461,667.84. Following the completion of the sale, the vice president owned 46,113 shares of the company’s stock, valued at approximately $7,324,588.92. This represents a 50.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bruce Chung sold 12,383 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the completion of the transaction, the chief financial officer directly owned 79,147 shares of the company’s stock, valued at $12,391,254.32. This trade represents a 13.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 172,556 shares of company stock valued at $27,550,446 over the last three months. 0.61% of the stock is owned by company insiders.

NRG Energy Stock Down 0.1%

Shares of NYSE:NRG opened at $152.66 on Tuesday. The business’s 50 day moving average is $158.83 and its 200 day moving average is $161.89. The stock has a market cap of $32.70 billion, a P/E ratio of 38.75 and a beta of 1.26. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $189.96. 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 (NYSE:NRG) last issued its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued 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 annualized dividend and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio is presently 48.22%.

NRG Energy Company 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.