Brown Miller Wealth Management LLC Purchases Shares of 1,899 NRG Energy, Inc. $NRG

Brown Miller Wealth Management LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,899 shares of the utilities provider’s stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Donald L. Hagan LLC increased its holdings in NRG Energy by 2.0% during the second quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after buying an additional 66 shares during the period. Horizon Investments LLC increased its holdings in shares of NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 86 shares in the last quarter. Mather Group LLC. boosted its stake in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 104 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 119 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Down 0.4%

Shares of NRG opened at $166.56 on Friday. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a fifty day simple moving average of $157.14 and a two-hundred day simple moving average of $141.12. The company has a market capitalization of $32.22 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

NRG Energy (NYSE:NRG) last released its quarterly earnings data 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 business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.37 earnings per share. As a group, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 annualized dividend and a yield of 1.1%. NRG Energy’s dividend payout ratio is presently 79.64%.

Analysts Set New Price Targets

Several equities analysts have issued reports on NRG shares. Raymond James Financial assumed coverage on shares of NRG Energy in a report on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price objective on the stock. Scotiabank started coverage on NRG Energy in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Saturday, September 27th. BMO Capital Markets lifted their price target on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Finally, Barclays boosted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and an average price target of $188.85.

NRG Energy 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.