Ashton Thomas Private Wealth LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 40.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,474 shares of the utilities provider's stock after purchasing an additional 3,042 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in NRG Energy were worth $1,000,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of NRG Energy by 538.4% during the first quarter. Jones Financial Companies Lllp now owns 11,599 shares of the utilities provider's stock valued at $1,107,000 after buying an additional 9,782 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in NRG Energy by 150.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 15,453 shares of the utilities provider's stock valued at $1,475,000 after acquiring an additional 9,293 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in NRG Energy by 2.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,705 shares of the utilities provider's stock valued at $2,454,000 after purchasing an additional 550 shares during the last quarter. Scientech Research LLC bought a new stake in shares of NRG Energy in the 1st quarter worth $913,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of NRG Energy by 146.2% during the first quarter. NewEdge Advisors LLC now owns 42,456 shares of the utilities provider's stock valued at $4,053,000 after purchasing an additional 25,211 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.
NRG Energy Stock Performance
Shares of NYSE NRG opened at $161.44 on Thursday. NRG Energy, Inc. has a 12-month low of $77.31 and a 12-month high of $175.96. The firm has a market capitalization of $31.23 billion, a price-to-earnings ratio of 73.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The firm has a 50 day moving average of $153.12 and a 200 day moving average of $132.86.
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 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 business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the business posted $3.37 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.
NRG Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's payout ratio is currently 79.64%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on NRG shares. Melius assumed coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. Barclays raised their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Melius Research started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets lifted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $186.92.
Read Our Latest Analysis on NRG Energy
About NRG Energy
(
Free Report)
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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