Meeder Asset Management Inc. Sells 28,290 Shares of NRG Energy Inc (NRG)

Meeder Asset Management Inc. trimmed its holdings in NRG Energy Inc (NYSE:NRG) by 42.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,517 shares of the utilities provider’s stock after selling 28,290 shares during the period. Meeder Asset Management Inc.’s holdings in NRG Energy were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NRG. FMR LLC raised its position in shares of NRG Energy by 29.3% in the fourth quarter. FMR LLC now owns 18,293,260 shares of the utilities provider’s stock valued at $724,413,000 after buying an additional 4,150,186 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of NRG Energy by 141.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,511,494 shares of the utilities provider’s stock valued at $139,055,000 after buying an additional 2,058,557 shares during the last quarter. Two Sigma Investments LP raised its position in shares of NRG Energy by 870.4% in the fourth quarter. Two Sigma Investments LP now owns 2,068,071 shares of the utilities provider’s stock valued at $81,896,000 after buying an additional 1,854,960 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of NRG Energy by 3,810.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,249,537 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of NRG Energy by 5.8% in the fourth quarter. BlackRock Inc. now owns 19,705,439 shares of the utilities provider’s stock valued at $780,337,000 after buying an additional 1,079,801 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Shares of NRG opened at $42.03 on Wednesday. NRG Energy Inc has a 12-month low of $29.90 and a 12-month high of $43.66. The stock has a market capitalization of $11.80 billion, a P/E ratio of 18.80, a PEG ratio of 0.20 and a beta of 0.78.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, February 28th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. NRG Energy had a net margin of 2.58% and a return on equity of 129.32%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. As a group, research analysts expect that NRG Energy Inc will post 4.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently 4.98%.

A number of equities research analysts have recently commented on the stock. Citigroup increased their target price on shares of NRG Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 target price on shares of NRG Energy in a research report on Monday, March 25th. Macquarie set a $48.00 target price on shares of NRG Energy and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Deutsche Bank set a $43.00 price objective on shares of NRG Energy and gave the company a “hold” rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.14.

In related news, SVP David Callen sold 41,011 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $41.83, for a total value of $1,715,490.13. Following the completion of the sale, the senior vice president now owns 58,130 shares of the company’s stock, valued at $2,431,577.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

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NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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

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