Donald L. Hagan LLC Takes $236,000 Position in NRG Energy, Inc. (NYSE:NRG)

Donald L. Hagan LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,591 shares of the utilities provider’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quadrature Capital Ltd grew its position in shares of NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after purchasing an additional 13,040 shares in the last quarter. Cetera Investment Advisers grew its holdings in NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after buying an additional 37,750 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of NRG Energy during the 2nd quarter worth approximately $746,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of NRG Energy by 2.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 288,619 shares of the utilities provider’s stock valued at $19,537,000 after acquiring an additional 7,880 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 0.3 %

NYSE NRG traded up $0.29 during trading on Wednesday, hitting $91.54. The stock had a trading volume of 330,904 shares, compared to its average volume of 3,264,679. NRG Energy, Inc. has a one year low of $44.90 and a one year high of $96.40. The stock has a 50 day simple moving average of $86.48 and a 200 day simple moving average of $81.32. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Sell-side analysts predict that NRG Energy, Inc. will post 6.17 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, November 1st. NRG Energy’s payout ratio is presently 17.76%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NRG. BMO Capital Markets boosted their price target on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Guggenheim increased their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.75.

About NRG Energy

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.