NRG Energy, Inc. (NYSE:NRG) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in NRG Energy, Inc. (NYSE:NRG) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 685,359 shares of the utilities provider’s stock after buying an additional 16,383 shares during the period. Janus Henderson Group PLC owned 0.34% of NRG Energy worth $61,833,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Banco Santander S.A. boosted its holdings in shares of NRG Energy by 0.3% in the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider’s stock valued at $255,142,000 after buying an additional 7,500 shares in the last quarter. Northern Trust Corp boosted its stake in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider’s stock worth $205,943,000 after purchasing an additional 316,445 shares during the period. Appaloosa LP boosted its stake in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock worth $163,749,000 after purchasing an additional 815,180 shares during the period. Assenagon Asset Management S.A. boosted its stake in NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider’s stock worth $127,614,000 after purchasing an additional 56,944 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG Energy stock opened at $156.73 on Wednesday. The company has a market cap of $31.92 billion, a PE ratio of 39.38, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a fifty day moving average price of $101.80 and a two-hundred day moving average price of $99.67. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $158.66.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.12%. NRG Energy’s payout ratio is presently 35.92%.

Analyst Ratings Changes

A number of analysts recently weighed in on NRG shares. The Goldman Sachs Group started coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 price target for the company. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. BMO Capital Markets increased their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Guggenheim increased their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $134.25.

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.