Consolidated Press International Holdings Ltd. Purchases Shares of 607,350 NRG Energy, Inc. $NRG

Consolidated Press International Holdings Ltd. acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 607,350 shares of the utilities provider’s stock, valued at approximately $98,360,000. NRG Energy makes up about 15.6% of Consolidated Press International Holdings Ltd.’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp grew its position in NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in NRG Energy in the second quarter valued at $35,000. BOKF NA increased its holdings in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in shares of NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 335 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NRG shares. Raymond James Financial restated a “strong-buy” rating and set a $225.00 target price on shares of NRG Energy in a research report on Monday, February 23rd. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 price target on the stock. Jefferies Financial Group dropped their price objective on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Morgan Stanley set a $153.00 price objective on NRG Energy in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their target price on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.33.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the sale, the vice president directly owned 63,920 shares in the company, valued at approximately $10,147,939.20. The trade was a 41.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Chung sold 12,383 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total value of $1,938,682.48. Following the completion of the transaction, the chief financial officer directly owned 79,147 shares of the company’s stock, valued at approximately $12,391,254.32. This represents a 13.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 172,556 shares of company stock worth $27,550,446. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Up 0.4%

NRG opened at $152.75 on Friday. The company has a market cap of $32.72 billion, a PE ratio of 38.77 and a beta of 1.26. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $189.96. The company has a 50-day moving average price of $159.01 and a 200 day moving average price of $161.77. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a $0.475 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, February 2nd. NRG Energy’s dividend payout ratio is presently 48.22%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.