Arvest Investments Inc. Purchases New Shares in NRG Energy, Inc. (NYSE:NRG)

Arvest Investments Inc. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,720 shares of the utilities provider's stock, valued at approximately $1,023,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in NRG Energy in the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. bought a new position in NRG Energy in the fourth quarter valued at approximately $41,000. Larson Financial Group LLC grew its stake in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of NRG Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director now directly owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Trading Up 0.5%

Shares of NYSE NRG traded up $0.81 during trading on Friday, reaching $151.81. The company had a trading volume of 2,257,409 shares, compared to its average volume of 2,991,524. The company's fifty day moving average price is $130.04 and its 200-day moving average price is $109.69. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $162.33. The stock has a market cap of $29.68 billion, a P/E ratio of 38.14, a PEG ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm's revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is 28.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NRG shares. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Guggenheim upped their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Wells Fargo & Company upped their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Raymond James started coverage on NRG Energy in a report on Friday. They issued a "strong-buy" rating and a $195.00 target price for the company. Three investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.78.

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.