Eagle Asset Management Inc. bought a new stake in NRG Energy Inc (NYSE:NRG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,253 shares of the utilities provider’s stock, valued at approximately $3,263,000.
A number of other large investors have also bought and sold shares of NRG. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in NRG Energy by 362.4% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,838,175 shares of the utilities provider’s stock valued at $143,547,000 after buying an additional 3,008,067 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NRG Energy by 33.6% during the third 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 last quarter. Bank of New York Mellon Corp grew its holdings in shares of NRG Energy by 45.4% during the second quarter. Bank of New York Mellon Corp now owns 3,002,481 shares of the utilities provider’s stock worth $92,177,000 after purchasing an additional 937,092 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in shares of NRG Energy by 182.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,340,141 shares of the utilities provider’s stock worth $41,142,000 after purchasing an additional 864,871 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of NRG Energy by 282.4% during the second quarter. American Century Companies Inc. now owns 1,143,983 shares of the utilities provider’s stock worth $35,120,000 after purchasing an additional 844,802 shares during the last quarter.
In other news, EVP Elizabeth R. Killinger sold 24,600 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the completion of the sale, the executive vice president now owns 106,125 shares in the company, valued at $3,803,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher Moser sold 15,200 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $35.14, for a total transaction of $534,128.00. Following the sale, the executive vice president now owns 115,650 shares of the company’s stock, valued at approximately $4,063,941. The disclosure for this sale can be found here. Insiders have sold 83,775 shares of company stock valued at $2,959,754 in the last quarter. Insiders own 0.38% of the company’s stock.
Shares of NRG stock opened at $38.44 on Friday. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 35.27 and a beta of 0.99. NRG Energy Inc has a 1 year low of $23.75 and a 1 year high of $40.38. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.42 and a current ratio of 1.57.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.18). The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.04 billion. NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Analysts predict that NRG Energy Inc will post 3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. NRG Energy’s dividend payout ratio (DPR) is 11.01%.
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About NRG Energy
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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