Optivise Advisory Services LLC Purchases New Shares in NRG Energy, Inc. $NRG

Optivise Advisory Services LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,589 shares of the utilities provider’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Daymark Wealth Partners LLC increased its holdings in NRG Energy by 2.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after purchasing an additional 64 shares in the last quarter. Donald L. Hagan LLC increased its holdings in NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 66 shares in the last quarter. Horizon Investments LLC increased its holdings in 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. Cullen Frost Bankers Inc. boosted its position in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after buying an additional 104 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after buying an additional 119 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president owned 48,571 shares of the company’s stock, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NRG shares. Barclays increased their price objective on 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 NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Zacks Research upgraded NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company upgraded NRG Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $197.54.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $174.54 on Tuesday. The company has a market capitalization of $33.76 billion, a PE ratio of 78.98 and a beta of 1.14. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The stock’s fifty day simple moving average is $162.46 and its 200 day simple moving average is $152.53.

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

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio (DPR) is currently 79.64%.

About NRG Energy

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.