17,000 Shares in NRG Energy, Inc. (NRG) Purchased by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust bought a new stake in NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,000 shares of the utilities provider’s stock, valued at approximately $435,000.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock valued at $373,684,000 after purchasing an additional 19,593,226 shares in the last quarter. Elliott Management Corp grew its holdings in shares of NRG Energy by 8.4% in the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock valued at $337,512,000 after purchasing an additional 1,526,394 shares in the last quarter. FMR LLC grew its holdings in shares of NRG Energy by 8.6% in the second quarter. FMR LLC now owns 7,584,875 shares of the utilities provider’s stock valued at $130,612,000 after purchasing an additional 597,957 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NRG Energy by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock valued at $109,682,000 after purchasing an additional 1,772,966 shares in the last quarter. Finally, Permian Investment Partners LP grew its holdings in shares of NRG Energy by 51.0% in the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock valued at $102,253,000 after purchasing an additional 2,005,094 shares in the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NRG Energy, Inc. (NYSE NRG) traded up 2.30% during mid-day trading on Friday, reaching $25.34. The company had a trading volume of 2,922,398 shares. The stock’s 50-day moving average price is $24.90 and its 200 day moving average price is $21.04. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $26.68. The company’s market capitalization is $8.02 billion.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.61) EPS. Equities analysts expect that NRG Energy, Inc. will post $0.74 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. NRG Energy’s payout ratio is -2.75%.

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NRG has been the subject of a number of recent research reports. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Bank of America Corporation initiated coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. Finally, ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NRG Energy currently has a consensus rating of “Buy” and a consensus price target of $24.67.

NRG Energy Company Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

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

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