Investors Sell NRG Energy, Inc. (NRG) on Strength (NRG)

Traders sold shares of NRG Energy, Inc. (NYSE:NRG) on strength during trading on Thursday. $81.32 million flowed into the stock on the tick-up and $103.07 million flowed out of the stock on the tick-down, for a money net flow of $21.75 million out of the stock. Of all companies tracked, NRG Energy had the 0th highest net out-flow for the day. NRG Energy traded up $1.13 for the day and closed at $25.97

A number of research firms have recently commented on NRG. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and issued a $27.00 price objective on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Bank of America Corporation began coverage on NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. NRG Energy currently has an average rating of “Buy” and a consensus target price of $24.67.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, October 31st. NRG Energy’s payout ratio is currently -2.75%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aviva PLC raised its stake in NRG Energy by 5.5% during the second quarter. Aviva PLC now owns 196,771 shares of the utilities provider’s stock valued at $3,388,000 after buying an additional 10,240 shares in the last quarter. Arizona State Retirement System raised its stake in NRG Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock valued at $1,350,000 after buying an additional 200 shares in the last quarter. SG Americas Securities LLC raised its stake in NRG Energy by 694.4% during the second quarter. SG Americas Securities LLC now owns 73,240 shares of the utilities provider’s stock valued at $1,261,000 after buying an additional 64,020 shares in the last quarter. Elliott Management Corp raised its stake in NRG Energy by 8.4% during the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock valued at $337,512,000 after buying an additional 1,526,394 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of NRG Energy during the second quarter valued at approximately $2,199,000. Hedge funds and other institutional investors own 91.88% of the company’s stock.

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About NRG Energy

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.

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