IFM Investors Pty Ltd Has $2.86 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

IFM Investors Pty Ltd lifted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,270 shares of the utilities provider’s stock after purchasing an additional 1,104 shares during the quarter. IFM Investors Pty Ltd’s holdings in NRG Energy were worth $2,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Mather Group LLC. bought a new stake in NRG Energy during the first quarter valued at about $33,000. CENTRAL TRUST Co lifted its holdings in shares of NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 734 shares during the period. Blue Trust Inc. boosted its stake in shares of NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of NRG Energy in the 4th quarter worth about $51,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth about $41,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.1 %

Shares of NYSE NRG traded down $0.05 during mid-day trading on Friday, hitting $72.81. The company’s stock had a trading volume of 1,681,813 shares, compared to its average volume of 3,483,575. The company’s fifty day simple moving average is $65.17 and its 200-day simple moving average is $54.18. NRG Energy, Inc. has a one year low of $30.52 and a one year high of $76.54. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of -68.06 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.51 billion. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.24%. NRG Energy’s dividend payout ratio is -152.34%.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NRG shares. Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. Wells Fargo & Company raised their target price on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. BMO Capital Markets upped their price target on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Finally, Evercore ISI raised their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.50.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.