Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in NRG Energy, Inc. (NRG)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 41.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,156 shares of the utilities provider’s stock after selling 19,636 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NRG Energy were worth $721,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NRG. Elliott Management Corp raised its holdings in shares of NRG Energy by 8.4% during the second quarter. Elliott Management Corp now owns 19,600,000 shares of the utilities provider’s stock worth $337,512,000 after purchasing an additional 1,526,394 shares during the last quarter. FMR LLC raised its holdings in shares of NRG Energy by 8.6% during the second quarter. FMR LLC now owns 7,584,875 shares of the utilities provider’s stock worth $130,612,000 after purchasing an additional 597,957 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NRG Energy by 38.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock worth $109,682,000 after purchasing an additional 1,772,966 shares during the last quarter. Permian Investment Partners LP raised its holdings in shares of NRG Energy by 51.0% during the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock worth $102,253,000 after purchasing an additional 2,005,094 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of NRG Energy by 42,970.1% during the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock worth $95,007,000 after purchasing an additional 5,504,468 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

In other news, Director Barry T. Smitherman acquired 2,541 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $28.38 per share, with a total value of $72,113.58. Following the completion of the acquisition, the director now owns 49,000 shares of the company’s stock, valued at $1,390,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the stock. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Bank of America started coverage on shares of NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and a consensus target price of $24.67.

NRG Energy, Inc. (NYSE:NRG) traded down $0.54 on Tuesday, reaching $27.41. 9,521,100 shares of the company’s stock were exchanged, compared to its average volume of 6,172,009. NRG Energy, Inc. has a one year low of $11.06 and a one year high of $29.78. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. The stock has a market capitalization of $8,850.14, a PE ratio of 20.70 and a beta of 1.28.

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 analysts’ consensus estimates 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 firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.27 EPS. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. analysts predict that NRG Energy, Inc. will post 0.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.03 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. 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.

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

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