Brendel Financial Advisors LLC Makes New Investment in NRG Energy, Inc. (NYSE:NRG)

Brendel Financial Advisors LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,276 shares of the utilities provider's stock, valued at approximately $2,126,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. purchased a new position in NRG Energy in the fourth quarter worth $41,000. Larson Financial Group LLC boosted its position in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in NRG Energy by 64.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after purchasing an additional 205 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in NRG Energy in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director now owns 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

Shares of NYSE:NRG traded up $0.26 during midday trading on Monday, reaching $152.18. 2,422,792 shares of the company traded hands, compared to its average volume of 2,974,078. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $162.33. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13. The firm's fifty day moving average price is $135.93 and its two-hundred day moving average price is $111.59.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The company's revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NRG. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Guggenheim boosted their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $146.78.

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.