2,331 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Golden State Equity Partners

Golden State Equity Partners purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,331 shares of the utilities provider's stock, valued at approximately $222,000.

Several other hedge funds have also modified their holdings of NRG. Brighton Jones LLC grew its stake in shares of NRG Energy by 41.8% during 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 last quarter. Global Retirement Partners LLC grew its stake in shares of NRG Energy by 21.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,686 shares of the utilities provider's stock valued at $152,000 after purchasing an additional 295 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of NRG Energy by 43.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 76,544 shares of the utilities provider's stock valued at $6,906,000 after purchasing an additional 23,319 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of NRG Energy during the fourth quarter valued at approximately $451,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of NRG Energy by 84.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,733 shares of the utilities provider's stock valued at $788,000 after purchasing an additional 4,004 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director now directly owns 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

NRG Energy Trading Up 0.8%

Shares of NYSE NRG traded up $1.25 during midday trading on Friday, reaching $162.79. 9,662,378 shares of the stock were exchanged, compared to its average volume of 2,986,517. The business has a 50-day simple moving average of $140.57 and a two-hundred day simple moving average of $112.99. The company has a market capitalization of $31.83 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.22 and a beta of 1.13. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.53. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. As a group, equities research analysts expect 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 Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.08%. NRG Energy's dividend payout ratio is 28.39%.

Wall Street Analyst Weigh In

NRG has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

NRG Energy 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.