Norinchukin Bank The Boosts Position in NRG Energy Inc (NRG)

Norinchukin Bank The increased its position in shares of NRG Energy Inc (NYSE:NRG) by 15.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,031 shares of the utilities provider’s stock after acquiring an additional 5,138 shares during the period. Norinchukin Bank The’s holdings in NRG Energy were worth $1,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. BlackRock Inc. increased its holdings in NRG Energy by 3.4% during the 2nd quarter. BlackRock Inc. now owns 18,688,257 shares of the utilities provider’s stock worth $573,731,000 after purchasing an additional 613,979 shares during the period. Janus Henderson Group PLC increased its holdings in NRG Energy by 1.2% during the 2nd quarter. Janus Henderson Group PLC now owns 10,001,330 shares of the utilities provider’s stock worth $307,041,000 after purchasing an additional 120,835 shares during the period. Putnam Investments LLC increased its holdings in NRG Energy by 7.0% during the 2nd quarter. Putnam Investments LLC now owns 7,079,811 shares of the utilities provider’s stock worth $217,350,000 after purchasing an additional 461,184 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NRG Energy by 33.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,946,617 shares of the utilities provider’s stock worth $259,803,000 after purchasing an additional 1,748,586 shares during the period. Finally, Millennium Management LLC increased its holdings in NRG Energy by 1.7% during the 2nd quarter. Millennium Management LLC now owns 6,217,762 shares of the utilities provider’s stock worth $190,885,000 after purchasing an additional 102,328 shares during the period.

A number of research analysts have recently commented on the company. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Zacks Investment Research downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Macquarie increased their price objective on NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. Bank of America increased their price objective on NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, SunTrust Banks increased their price objective on NRG Energy from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. NRG Energy presently has a consensus rating of “Buy” and a consensus target price of $38.17.

NRG opened at $38.16 on Friday. NRG Energy Inc has a one year low of $23.75 and a one year high of $40.38. The stock has a market capitalization of $11.06 billion, a PE ratio of 35.01 and a beta of 0.99. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 7.16.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that NRG Energy Inc will post 3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. NRG Energy’s payout ratio is currently 11.01%.

In related news, EVP Elizabeth R. Killinger sold 24,600 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $35.84, for a total value of $881,664.00. Following the completion of the sale, the executive vice president now directly owns 106,125 shares of the company’s stock, valued at approximately $3,803,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Moser sold 43,975 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 61,075 shares of the company’s stock, valued at $2,144,343.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,775 shares of company stock worth $2,959,754. Company 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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