Retireful LLC Purchases New Stake in NRG Energy, Inc. $NRG

Retireful LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 4,212 shares of the utilities provider’s stock, valued at approximately $676,000.

Several other hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC grew its position in shares of NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 129 shares during the period. Envestnet Asset Management Inc. increased its stake in NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock valued at $39,512,000 after buying an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider’s stock worth $593,000 after buying an additional 2,190 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of NRG Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider’s stock worth $2,265,000 after buying an additional 630 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of NRG Energy by 28.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock valued at $1,605,000 after acquiring an additional 3,721 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NYSE NRG opened at $165.97 on Thursday. The firm has a 50-day moving average price of $155.67 and a two-hundred day moving average price of $137.29. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The company has a market capitalization of $32.10 billion, a P/E ratio of 75.10, a P/E/G ratio of 1.37 and a beta of 1.17. 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 (NYSE:NRG) last announced its earnings results 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 the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.37 earnings per share. Analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued 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 dividend payout ratio is 79.64%.

Insider Activity 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 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 $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 through this link. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Melius Research initiated coverage on NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price objective on the stock. BMO Capital Markets raised their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Finally, Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.85.

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.