NRG Energy, Inc. $NRG Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 161.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,821 shares of the utilities provider’s stock after buying an additional 17,188 shares during the quarter. Vinva Investment Management Ltd’s holdings in NRG Energy were worth $4,526,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NRG. Toth Financial Advisory Corp acquired a new position in shares of NRG Energy during the 2nd quarter worth $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of NRG Energy in the first quarter valued at about $28,000. Bank of Jackson Hole Trust purchased a new stake in NRG Energy during the second quarter worth about $28,000. Fourth Dimension Wealth LLC acquired a new position in NRG Energy during the second quarter worth about $32,000. Finally, Kiker Wealth Management LLC purchased a new position in NRG Energy in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 2.9%

NRG stock opened at $168.61 on Friday. The firm has a market cap of $32.31 billion, a price-to-earnings ratio of 76.29 and a beta of 1.16. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $180.54. The firm has a fifty day moving average price of $167.13 and a two-hundred day moving average price of $159.03. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, beating the consensus estimate of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio is 26.31%.

NRG Energy announced that its board has authorized a share buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the utilities provider to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NRG. Barclays lifted their price objective on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price target on shares of NRG Energy in a research report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of NRG Energy in a report on Tuesday. Finally, Zacks Research downgraded NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.31.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $163.82, for a total value of $3,276,400.00. Following the sale, the vice president directly owned 43,191 shares in the company, valued at $7,075,549.62. This trade represents a 31.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is currently owned by corporate insiders.

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.