Tidal Investments LLC Has $5.46 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Tidal Investments LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,507 shares of the utilities provider’s stock after selling 817 shares during the quarter. Tidal Investments LLC’s holdings in NRG Energy were worth $5,459,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. TrinityPoint Wealth LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth about $1,213,000. State of Wyoming increased its position in shares of NRG Energy by 179.9% during the 4th quarter. State of Wyoming now owns 3,961 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 2,546 shares in the last quarter. Steamboat Capital Partners LLC increased its position in shares of NRG Energy by 20.3% during the 4th quarter. Steamboat Capital Partners LLC now owns 11,763 shares of the utilities provider’s stock worth $1,061,000 after purchasing an additional 1,985 shares in the last quarter. Redwood Investment Management LLC increased its position in shares of 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 in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NRG shares. Morgan Stanley increased their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Guggenheim increased their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. BMO Capital Markets reissued a “market perform” rating and set a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.75.

NRG Energy Stock Down 1.0%

Shares of NYSE NRG opened at $159.63 on Wednesday. The firm has a market capitalization of $31.21 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $161.78. The firm’s 50-day moving average is $108.67 and its 200-day moving average is $102.07.

NRG Energy (NYSE:NRG) last issued 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. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. Equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is presently 28.39%.

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.