NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in NRG Energy by 55.6%, acquiring an additional 3,242 shares, bringing its total to 9,070 shares worth approximately $866,000.
• Analysts are optimistic about NRG Energy, with several firms raising their target prices, including Wells Fargo boosting it from $165 to $200 and Barclays setting a target of $197.
• NRG Energy reported strong earnings, with a quarterly EPS of $2.62, significantly exceeding analyst estimates, and announced a dividend of $0.44 per share with a yield of 1.0%.

Arkadios Wealth Advisors boosted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 55.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,070 shares of the utilities provider's stock after acquiring an additional 3,242 shares during the quarter. Arkadios Wealth Advisors' holdings in NRG Energy were worth $866,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in NRG Energy during the 4th quarter worth $54,881,000. Bridgewater Associates LP boosted its stake in NRG Energy by 47.3% in the fourth quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock valued at $106,944,000 after acquiring an additional 380,564 shares during the period. Price T Rowe Associates Inc. MD raised its stake in NRG Energy by 119.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 677,894 shares of the utilities provider's stock valued at $61,161,000 after acquiring an additional 368,473 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in NRG Energy by 1,429.9% in the first quarter. Federated Hermes Inc. now owns 359,670 shares of the utilities provider's stock worth $34,334,000 after purchasing an additional 336,161 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Down 1.1%

NRG Energy stock traded down $1.90 during trading hours on Tuesday, reaching $172.01. The stock had a trading volume of 4,364,722 shares, compared to its average volume of 2,735,789. The business's 50 day moving average price is $155.65 and its 200-day moving average price is $124.84. The company has a market cap of $33.63 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.45 and a beta of 1.14. 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, Inc. has a 52 week low of $69.38 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during 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 quarter last year, the business posted $2.31 EPS. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 28.39%.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated 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 directly owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NRG. Guggenheim upped their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Citigroup boosted their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of NRG Energy from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Jefferies Financial Group lifted their price target on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Raymond James Financial started coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and a consensus target price of $160.30.

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.