Moody Lynn & Lieberson LLC Takes $3.04 Million Position in NRG Energy, Inc. (NYSE:NRG)

by · The Cerbat Gem

Moody Lynn & Lieberson LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 33,405 shares of the utilities provider’s stock, valued at approximately $3,043,000.

Several other large investors have also modified their holdings of NRG. Banco Santander S.A. bought a new stake in shares of NRG Energy in the 2nd quarter valued at about $217,671,000. Capitolis Liquid Global Markets LLC raised its holdings in shares of NRG Energy by 253.2% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after purchasing an additional 1,266,000 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of NRG Energy in the 1st quarter valued at about $64,306,000. Fred Alger Management LLC bought a new position in shares of NRG Energy during the 2nd quarter worth approximately $53,773,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 1.8 %

Shares of NRG Energy stock opened at $89.28 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a 12-month low of $41.49 and a 12-month high of $96.40. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 9.73 and a beta of 1.10. The firm’s 50 day simple moving average is $85.54 and its two-hundred day simple moving average is $80.34.

NRG Energy (NYSE:NRG – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Analysts predict that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is currently 17.76%.

Analysts Set New Price Targets

NRG has been the subject of several recent analyst reports. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group initiated coverage on shares of NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.25.

Get Our Latest Stock Analysis on NRG Energy

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

NRG Energy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG – Free Report).