Steamboat Capital Partners LLC Grows Position in NRG Energy, Inc. (NYSE:NRG)

Steamboat Capital Partners LLC boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,763 shares of the utilities provider’s stock after purchasing an additional 1,985 shares during the period. Steamboat Capital Partners LLC’s holdings in NRG Energy were worth $1,061,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Redwood Investment Management LLC grew its position in NRG Energy by 12.3% during the 4th quarter. Redwood Investment Management LLC now owns 20,761 shares of the utilities provider’s stock worth $1,873,000 after purchasing an additional 2,275 shares during the last quarter. ProShare Advisors LLC grew its position in NRG Energy by 2.2% during the 4th quarter. ProShare Advisors LLC now owns 46,766 shares of the utilities provider’s stock worth $4,219,000 after purchasing an additional 1,000 shares during the last quarter. Quantinno Capital Management LP grew its position in NRG Energy by 19.5% during the 4th quarter. Quantinno Capital Management LP now owns 74,434 shares of the utilities provider’s stock worth $6,715,000 after purchasing an additional 12,169 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in NRG Energy during the 4th quarter valued at approximately $270,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in NRG Energy by 18.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,292 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 1,460 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG opened at $159.18 on Friday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a fifty day moving average price of $105.92 and a 200 day moving average price of $101.07. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $159.24. The stock has a market cap of $32.42 billion, a P/E ratio of 40.00, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last posted its 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 firm had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same period in the previous year, the business posted $2.31 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio is presently 28.39%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 price objective for the company. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Guggenheim lifted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.75.

NRG Energy Profile

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.