2,712 Shares in NRG Energy, Inc. $NRG Acquired by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,712 shares of the utilities provider’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NRG. Toth Financial Advisory Corp bought a new position in shares of NRG Energy during the second quarter worth $27,000. ORG Partners LLC boosted its holdings in shares of NRG Energy by 422.2% during the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 228 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NRG Energy during the first quarter valued at about $28,000. Key Financial Inc bought a new stake in shares of NRG Energy in the first quarter worth about $30,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of NRG Energy by 616.3% in the second quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider’s stock worth $56,000 after buying an additional 302 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NRG. Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 price objective on the stock. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays increased their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Melius Research started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Finally, Scotiabank initiated coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.85.

NRG Energy Trading Up 3.3%

NRG stock opened at $167.20 on Friday. The firm’s fifty day simple moving average is $156.94 and its two-hundred day simple moving average is $140.33. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 75.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.37 earnings per share. As a group, analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio is currently 79.64%.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.