Keeley Teton Advisors LLC Has $20.51 Million Stake in NRG Energy, Inc. (NRG)
Keeley Teton Advisors LLC reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 801,484 shares of the utilities provider’s stock after selling 130,947 shares during the quarter. Keeley Teton Advisors LLC owned 0.25% of NRG Energy worth $20,510,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in shares of NRG Energy during the 3rd quarter worth $110,000. Fieldpoint Private Securities LLC acquired a new stake in shares of NRG Energy during the 2nd quarter worth $112,000. Parkwood LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth $205,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth $211,000. Finally, Ballentine Partners LLC acquired a new stake in shares of NRG Energy during the 2nd quarter worth $209,000. 97.35% of the stock is currently owned by institutional investors.
In other news, Director Barry T. Smitherman purchased 2,541 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $28.38 per share, with a total value of $72,113.58. Following the completion of the purchase, the director now owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.
Several analysts recently weighed in on NRG shares. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, September 12th. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Bank of America started coverage on NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. ValuEngine lowered NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and an average price target of $24.67.
NRG Energy, Inc. (NYSE NRG) traded down $0.09 during trading hours on Wednesday, reaching $27.32. The company had a trading volume of 3,109,200 shares, compared to its average volume of 6,158,920. The firm has a market capitalization of $8,679.15, a price-to-earnings ratio of 20.30 and a beta of 1.28. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. NRG Energy, Inc. has a fifty-two week low of $11.48 and a fifty-two week high of $29.78.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.51). NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business earned $1.27 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. sell-side analysts anticipate that NRG Energy, Inc. will post 0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Tuesday, October 31st. NRG Energy’s payout ratio is -2.35%.
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NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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