111 Capital Makes New Investment in NRG Energy, Inc. $NRG

Key Points

• 111 Capital has invested approximately $437,000 in NRG Energy, Inc., purchasing 2,721 shares during the 2nd quarter, as part of their recent 13F filing.
• NRG Energy's stock price opened at $166.56 and has a market capitalization of $32.22 billion, with a recent quarterly earnings report showing a missed EPS estimate of $1.68.
• The company has declared a quarterly dividend of $0.44, reflecting a 1.1% dividend yield and a payout ratio of 79.64% for its investors.

111 Capital purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,721 shares of the utilities provider's stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also made changes to their positions in NRG. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after acquiring an additional 1,528 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of NRG Energy during the 1st quarter worth about $909,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of NRG Energy during the 1st quarter worth about $348,000. UMB Bank n.a. boosted its position in shares of NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after acquiring an additional 200 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of NRG Energy by 83.7% during the 1st quarter. Park Avenue Securities LLC now owns 11,753 shares of the utilities provider's stock worth $1,122,000 after acquiring an additional 5,355 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Down 0.4%

NRG opened at $166.56 on Monday. The business has a 50 day moving average price of $157.14 and a two-hundred day moving average price of $141.41. 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 company has a market cap of $32.22 billion, a PE ratio of 75.37, a P/E/G ratio of 1.35 and a beta of 1.14. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted 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 company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.37 earnings per share. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared 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 was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy's payout ratio is 79.64%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRG. Scotiabank began coverage on NRG Energy in a research report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price for the company. Melius began coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price for the company. Barclays upped their target price on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. BMO Capital Markets upped their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on 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 in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

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.

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