Los Angeles Capital Management & Equity Research Inc. Has $22.53 Million Stake in NRG Energy Inc (NRG)

Los Angeles Capital Management & Equity Research Inc. decreased its holdings in NRG Energy Inc (NYSE:NRG) by 53.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 602,493 shares of the utilities provider’s stock after selling 697,720 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in NRG Energy were worth $22,533,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in NRG Energy by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 52,923 shares of the utilities provider’s stock worth $1,978,000 after acquiring an additional 1,533 shares in the last quarter. Arizona State Retirement System raised its position in NRG Energy by 2.4% in the third quarter. Arizona State Retirement System now owns 75,206 shares of the utilities provider’s stock worth $2,813,000 after acquiring an additional 1,729 shares in the last quarter. State Treasurer State of Michigan raised its position in NRG Energy by 2.0% in the third quarter. State Treasurer State of Michigan now owns 90,368 shares of the utilities provider’s stock worth $3,380,000 after acquiring an additional 1,800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in NRG Energy by 29.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,442 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 1,898 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in NRG Energy by 18.4% in the second quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

NRG Energy stock opened at $36.99 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.17 and a debt-to-equity ratio of 7.16. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 33.94 and a beta of 0.99. NRG Energy Inc has a fifty-two week low of $23.75 and a fifty-two week high of $38.95.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 8th. The utilities provider reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.16). The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.04 billion. NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Equities analysts predict that NRG Energy Inc will post 3.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, October 31st. NRG Energy’s payout ratio is currently 11.01%.

Several analysts have weighed in on NRG shares. Bank of America lowered their target price on NRG Energy from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Citigroup lowered NRG Energy from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Monday, July 30th. Zacks Investment Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 18th. Macquarie upped their target price on NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. Finally, ValuEngine raised NRG Energy from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and a consensus price target of $38.17.

In related news, EVP Elizabeth R. Killinger sold 24,600 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $35.84, for a total transaction of $881,664.00. Following the sale, the executive vice president now owns 106,125 shares of the company’s stock, valued at $3,803,520. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher Moser sold 43,975 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $35.11, for a total value of $1,543,962.25. Following the sale, the executive vice president now directly owns 61,075 shares in the company, valued at approximately $2,144,343.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,775 shares of company stock worth $2,959,754. Corporate insiders own 0.38% of the company’s stock.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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