1,990 Shares in NRG Energy, Inc. $NRG Acquired by Townsend Asset Management Corp NC ADV

Key Points

• Townsend Asset Management Corp NC ADV has acquired 1,990 shares of NRG Energy, Inc., valued at approximately $320,000, as detailed in a recent SEC filing.
• NRG Energy reported earnings per share (EPS) of $1.68 for the last quarter, which was below the consensus estimate of $1.72, while the company's revenue slightly exceeded expectations at $6.74 billion.
• The company also announced a quarterly dividend of $0.44 per share, with an annualized yield of 1.0%, and its current dividend payout ratio stands at 79.64%.

Townsend Asset Management Corp NC ADV purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,990 shares of the utilities provider's stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in the stock. ORG Partners LLC grew its position in NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock worth $44,000 after buying an additional 228 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in NRG Energy during the second quarter worth approximately $214,000. Five Oceans Advisors acquired a new stake in NRG Energy during the second quarter worth approximately $206,000. CX Institutional grew its position in NRG Energy by 20.8% during the second quarter. CX Institutional now owns 2,083 shares of the utilities provider's stock worth $335,000 after buying an additional 359 shares in the last quarter. Finally, Meyer Handelman Co. grew its position in NRG Energy by 4.5% during the second quarter. Meyer Handelman Co. now owns 98,226 shares of the utilities provider's stock worth $15,773,000 after buying an additional 4,249 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy 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 directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company's stock.

NRG Energy Stock Up 3.5%

Shares of NYSE:NRG opened at $168.66 on Friday. The firm has a market cap of $32.62 billion, a P/E ratio of 76.32, a P/E/G ratio of 1.33 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, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The business has a fifty day simple moving average of $156.31 and a 200 day simple moving average of $138.39.

NRG Energy (NYSE:NRG - Get Free Report) last announced its 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). The company 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% on a year-over-year basis. During the same period in the prior year, the business earned $3.37 earnings per share. Analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced 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 of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NRG. Raymond James Financial began coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. Scotiabank began coverage on NRG Energy in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price on the stock. Barclays raised their target price on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Citigroup raised their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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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