Invst LLC Takes $685,000 Position in NRG Energy, Inc. $NRG

Invst LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,179 shares of the utilities provider’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in NRG Energy in the first quarter valued at about $28,000. Key Financial Inc purchased a new position in NRG Energy in the first quarter valued at about $30,000. Evermay Wealth Management LLC purchased a new position in NRG Energy in the first quarter valued at about $36,000. Park Square Financial Group LLC purchased a new position in NRG Energy in the fourth quarter valued at about $53,000. Finally, UMB Bank n.a. grew its stake in NRG Energy by 44.0% in the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other 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 business’s stock in a transaction dated 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 transaction, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $165.06 on Friday. NRG Energy, Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $175.96. The business has a 50-day moving average of $153.23 and a two-hundred day moving average of $133.67. The stock has a market capitalization of $31.93 billion, a P/E ratio of 74.69, a P/E/G ratio of 1.29 and a beta of 1.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

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

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on NRG shares. Raymond James Financial started coverage on NRG Energy in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 target price on the stock. Barclays boosted their target price on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BMO Capital Markets boosted their target price on NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Finally, Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $186.92.

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.