2,345 Shares in NRG Energy, Inc. $NRG Purchased by Elm3 Financial Group LLC

Key Points

• Elm3 Financial Group LLC purchased 2,345 shares of NRG Energy, Inc. valued at approximately $377,000, indicating growing institutional investment in the company.
• NRG Energy reported a quarterly earnings miss with EPS of $1.68, below analyst estimates of $1.72, while revenue increased to $6.74 billion compared to $6.63 billion expected.
• The company announced a quarterly dividend of $0.44 per share, reflecting a 1.1% yield and a payout ratio of 79.64%.

Elm3 Financial Group LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,345 shares of the utilities provider's stock, valued at approximately $377,000.

Several other hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after purchasing an additional 6,049,247 shares during the last quarter. Amundi increased its holdings in shares of NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock worth $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners raised its position in shares of NRG Energy by 169.5% in the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after buying an additional 1,771,829 shares during the period. Appaloosa LP boosted its holdings in NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after acquiring an additional 235,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in NRG Energy by 33.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after acquiring an additional 372,618 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 1.4%

Shares of NRG opened at $163.98 on Tuesday. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The stock has a 50-day moving average price of $157.25 and a 200 day moving average price of $141.85. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The company has a market capitalization of $31.72 billion, a P/E ratio of 74.20, a P/E/G ratio of 1.35 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same period in the previous year, the business posted $3.37 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio is presently 79.64%.

Analyst Ratings Changes

Several research firms have recently weighed in on NRG. BMO Capital Markets lifted their price objective on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NRG Energy in a research report on Saturday, September 27th. Finally, Barclays raised their price objective on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction 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 of the company's stock, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is owned by company 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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