Swiss National Bank lessened its stake in NRG Energy Inc (NYSE:NRG) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 916,000 shares of the utilities provider’s stock after selling 51,800 shares during the period. Swiss National Bank owned about 0.34% of NRG Energy worth $32,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. boosted its position in NRG Energy by 431.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,049,142 shares of the utilities provider’s stock valued at $71,966,000 after buying an additional 1,663,460 shares during the period. Geode Capital Management LLC boosted its position in NRG Energy by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 4,821,667 shares of the utilities provider’s stock valued at $190,674,000 after buying an additional 727,114 shares during the period. State of New Jersey Common Pension Fund D boosted its position in NRG Energy by 66.7% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the utilities provider’s stock valued at $63,720,000 after buying an additional 600,000 shares during the period. TD Asset Management Inc. boosted its position in NRG Energy by 178.9% in the 2nd quarter. TD Asset Management Inc. now owns 868,766 shares of the utilities provider’s stock valued at $30,511,000 after buying an additional 557,219 shares during the period. Finally, Wells Fargo & Company MN boosted its position in NRG Energy by 107.1% in the 1st quarter. Wells Fargo & Company MN now owns 861,389 shares of the utilities provider’s stock valued at $36,593,000 after buying an additional 445,435 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Several equities analysts have commented on NRG shares. ValuEngine cut shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Goldman Sachs Group raised shares of NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 price objective for the company in a research report on Monday, June 24th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday. Finally, Morgan Stanley set a $47.00 price objective on shares of NRG Energy and gave the stock a “hold” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.88.

NRG Energy stock opened at $35.84 on Thursday. The stock has a market cap of $8.97 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.24 and a beta of 0.79. The company has a fifty day simple moving average of $34.97 and a 200-day simple moving average of $38.23. NRG Energy Inc has a 12-month low of $32.63 and a 12-month high of $43.66.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.08). The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. NRG Energy’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. On average, sell-side analysts expect that NRG Energy Inc will post 4.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.12 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.03. This represents a $0.48 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, July 31st. NRG Energy’s payout ratio is 4.98%.

NRG Energy 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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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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