NRG Energy, Inc. $NRG Shares Sold by Bingham Private Wealth LLC

Bingham Private Wealth LLC cut its position in NRG Energy, Inc. (NYSE:NRG) by 29.4% during the second quarter, Holdings Channel reports. The firm owned 2,262 shares of the utilities provider’s stock after selling 941 shares during the period. Bingham Private Wealth LLC’s holdings in NRG Energy were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in NRG Energy in the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in NRG Energy during the 1st quarter valued at approximately $28,000. Key Financial Inc purchased a new stake in shares of NRG Energy in the 1st quarter valued at $30,000. Evermay Wealth Management LLC acquired a new stake in shares of NRG Energy in the first quarter worth $36,000. Finally, ORG Partners LLC raised its holdings in shares of NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were 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 owned 48,571 shares of the company’s stock, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

Shares of NRG stock opened at $163.98 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The business’s 50 day moving average is $157.25 and its two-hundred day moving average is $141.85. The company has a market capitalization of $31.72 billion, a P/E ratio of 74.20, a P/E/G ratio of 1.35 and a beta of 1.14.

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

NRG Energy Dividend Announcement

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

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. Scotiabank started coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target on the stock. Melius started coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a report on Saturday, September 27th. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets raised their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.