Hartree Partners LP Boosts Holdings in NRG Energy Inc (NRG)
Hartree Partners LP boosted its position in shares of NRG Energy Inc (NYSE:NRG) by 168.9% during the first quarter, HoldingsChannel reports. The firm owned 121,000 shares of the utilities provider’s stock after buying an additional 76,000 shares during the quarter. NRG Energy comprises approximately 5.2% of Hartree Partners LP’s holdings, making the stock its 7th biggest position. Hartree Partners LP’s holdings in NRG Energy were worth $5,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of NRG Energy by 3,810.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 1,249,537 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of NRG Energy in the first quarter valued at $52,000. Sterling Investment Advisors Ltd. lifted its position in shares of NRG Energy by 202.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,493 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 1,000 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of NRG Energy by 320.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of NRG Energy in the fourth quarter valued at $91,000. Institutional investors own 97.24% of the company’s stock.
Several analysts have recently issued reports on NRG shares. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, January 23rd. Deutsche Bank set a $43.00 target price on NRG Energy and gave the company a “hold” rating in a research note on Friday, March 1st. Macquarie set a $48.00 target price on NRG Energy and gave the company a “buy” rating in a research note on Friday, March 1st. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Citigroup upped their target price on NRG Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. NRG Energy presently has an average rating of “Buy” and a consensus target price of $44.14.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. NRG Energy had a negative return on equity of 125.35% and a net margin of 4.64%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. As a group, equities research analysts forecast that NRG Energy Inc will post 4.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.12 annualized dividend and a yield of 0.33%. NRG Energy’s dividend payout ratio is presently 4.98%.
In other NRG Energy news, SVP David Callen sold 41,011 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the completion of the sale, the senior vice president now directly owns 58,130 shares in the company, valued at $2,431,577.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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