Mufg Securities Americas Inc. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,991 shares of the utilities provider's stock, valued at approximately $270,000.
Other large investors have also modified their holdings of the company. Wedmont Private Capital acquired a new stake in shares of NRG Energy during the 4th quarter worth approximately $224,000. Park Avenue Securities LLC raised its position in shares of NRG Energy by 30.3% during the 4th quarter. Park Avenue Securities LLC now owns 6,398 shares of the utilities provider's stock worth $577,000 after purchasing an additional 1,488 shares during the period. Procyon Advisors LLC raised its position in shares of NRG Energy by 9.0% during the 4th quarter. Procyon Advisors LLC now owns 34,513 shares of the utilities provider's stock worth $3,114,000 after purchasing an additional 2,845 shares during the period. TrueWealth Advisors LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth approximately $476,000. Finally, Arkadios Wealth Advisors raised its position in shares of NRG Energy by 8.9% during the 4th quarter. Arkadios Wealth Advisors now owns 5,828 shares of the utilities provider's stock worth $526,000 after purchasing an additional 475 shares during the period. Institutional investors own 97.72% of the company's stock.
NRG Energy Stock Down 1.0%
NYSE NRG traded down $1.61 during trading on Tuesday, hitting $159.63. 3,481,513 shares of the company traded hands, compared to its average volume of 3,032,154. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $161.91. The business has a fifty day simple moving average of $107.30 and a 200 day simple moving average of $101.66. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $31.21 billion, a P/E ratio of 40.11, a PEG ratio of 1.01 and a beta of 1.00.
NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same period last year, the business earned $2.31 earnings per share. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.
NRG Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's payout ratio is 28.39%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim raised their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $140.75.
Check Out Our Latest Stock Report on NRG Energy
About NRG Energy
(
Free Report)
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.
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