10,568 Shares in NRG Energy, Inc. $NRG Acquired by DRW Securities LLC

Key Points

• DRW Securities LLC has acquired 10,568 shares of NRG Energy, valued at approximately $1,009,000, continuing a trend of institutional investment in the company.
• NRG Energy reported Q2 earnings of $1.68 per share, missing expectations by $0.04, but revenue increased to $6.74 billion, exceeding estimates.
• The company announced a quarterly dividend of $0.44 per share, suggesting a 1.2% dividend yield and a payout ratio of 79.64%.

DRW Securities LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,568 shares of the utilities provider's stock, valued at approximately $1,009,000.

Several other large investors also recently made changes to their positions in NRG. Brighton Jones LLC increased its stake in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares during the period. Lido Advisors LLC increased its stake in shares of NRG Energy by 49.6% in the fourth quarter. Lido Advisors LLC now owns 8,186 shares of the utilities provider's stock valued at $739,000 after purchasing an additional 2,715 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of NRG Energy by 19.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 39,611 shares of the utilities provider's stock valued at $3,574,000 after purchasing an additional 6,484 shares during the period. Baird Financial Group Inc. increased its stake in shares of NRG Energy by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 39,758 shares of the utilities provider's stock valued at $3,587,000 after purchasing an additional 506 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of NRG Energy by 1,631.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 113,829 shares of the utilities provider's stock valued at $10,270,000 after purchasing an additional 107,255 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NRG Energy stock traded up $1.06 during mid-day trading on Thursday, hitting $147.97. The company's stock had a trading volume of 1,304,993 shares, compared to its average volume of 3,140,031. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market capitalization of $28.62 billion, a P/E ratio of 66.95, a P/E/G ratio of 1.19 and a beta of 1.17. NRG Energy, Inc. has a twelve month low of $76.13 and a twelve month high of $175.96. The stock's fifty day moving average price is $153.91 and its two-hundred day moving average price is $131.43.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the firm posted $3.37 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Guggenheim raised their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Barclays raised their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.