2,354 Shares in NRG Energy, Inc. $NRG Acquired by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC acquired 2,354 shares of NRG Energy, Inc., valued at approximately $369,000, reflecting increasing institutional interest in the company.
• NRG Energy's quarterly earnings missed expectations, reporting $1.68 EPS against a consensus estimate of $1.72 EPS, although revenue increased to $6.74 billion.
• The company's dividend of $0.44 per share will be paid on November 17, with a payout ratio of 79.64% and a dividend yield of 1.1%.

Mutual Advisors LLC bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,354 shares of the utilities provider's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbour Investments Inc. lifted its holdings in shares of NRG Energy by 172.4% during the second quarter. Harbour Investments Inc. now owns 1,373 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 869 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in NRG Energy by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 3,034 shares of the utilities provider's stock valued at $494,000 after acquiring an additional 584 shares during the period. Bayforest Capital Ltd lifted its stake in NRG Energy by 158.3% during the 2nd quarter. Bayforest Capital Ltd now owns 2,898 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 1,776 shares during the period. TD Asset Management Inc lifted its stake in NRG Energy by 5.7% during the 2nd quarter. TD Asset Management Inc now owns 78,929 shares of the utilities provider's stock valued at $12,674,000 after acquiring an additional 4,278 shares during the period. Finally, Morningstar Investment Management LLC bought a new position in NRG Energy during the 2nd quarter valued at about $244,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 1.0%

NYSE NRG opened at $167.01 on Tuesday. The stock's 50-day moving average price is $158.38 and its 200-day moving average price is $146.78. 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 52 week low of $79.57 and a 52 week high of $175.96. The company has a market capitalization of $32.31 billion, a P/E ratio of 75.57 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the business earned $3.37 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Insider Activity at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm's 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 transaction, the vice president owned 48,571 shares of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Melius Research assumed 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. Citigroup increased 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, Scotiabank assumed 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.92.

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.

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