1,620 Shares in NRG Energy, Inc. $NRG Bought by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management LLC acquired 1,620 shares of NRG Energy, Inc. valued at approximately $260,000, during the second quarter as reported in its Form 13F filing.
• NRG Energy reported earnings of $1.68 EPS for the last quarter, below expectations, despite a revenue increase of 1.2% year-over-year to $6.74 billion.
• The company declared a quarterly dividend of $0.44 per share, resulting in an annualized yield of 1.0%, with a dividend payout ratio of 79.64%.

SeaCrest Wealth Management LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,620 shares of the utilities provider's stock, valued at approximately $260,000.

A number of other large investors have also recently modified their holdings of NRG. TCV Trust & Wealth Management Inc. purchased a new stake in NRG Energy during the 2nd quarter worth $1,110,000. IFM Investors Pty Ltd boosted its stake in NRG Energy by 19.7% in the second quarter. IFM Investors Pty Ltd now owns 33,577 shares of the utilities provider's stock valued at $5,392,000 after acquiring an additional 5,534 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of NRG Energy during the 2nd quarter worth approximately $58,000. Global Financial Private Client LLC boosted its stake in NRG Energy by 6,038.0% during the second quarter. Global Financial Private Client LLC now owns 3,069 shares of the utilities provider's stock worth $493,000 after acquiring an additional 3,019 shares in the last quarter. Finally, Park Capital Management LLC WI bought a new position in shares of NRG Energy during the second quarter valued at about $392,000. Institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NYSE NRG opened at $171.11 on Tuesday. The stock has a market capitalization of $33.10 billion, a PE ratio of 77.43, a P/E/G ratio of 1.35 and a beta of 1.17. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The stock has a 50-day simple moving average of $154.84 and a 200 day simple moving average of $136.88. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the firm posted $3.37 EPS. NRG Energy's revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate 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 was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on NRG shares. Barclays boosted their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Raymond James Financial started coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Citigroup raised their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets raised their price target 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. One research 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 stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and an average price target of $188.85.

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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