Brown Miller Wealth Management LLC Invests $305,000 in NRG Energy, Inc. $NRG

Key Points

• Brown Miller Wealth Management LLC has invested approximately $305,000 to acquire 1,899 shares of NRG Energy in the second quarter, reflecting growing interest from institutional investors in the company.
• NRG Energy recently reported earnings per share (EPS) of $1.68 for the last quarter, missing estimates by $0.04, while revenues reached $6.74 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.44 per share, yielding approximately 1.1%, alongside a dividend payout ratio of 79.64%.

Brown Miller Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,899 shares of the utilities provider's stock, valued at approximately $305,000.

Other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of NRG Energy during the second quarter valued at about $27,000. ORG Partners LLC increased its holdings in NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock worth $44,000 after buying an additional 228 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in NRG Energy in the first quarter worth about $28,000. Key Financial Inc bought a new position in shares of NRG Energy during the 1st quarter valued at approximately $30,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of NRG Energy by 616.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider's stock worth $56,000 after purchasing an additional 302 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 0.4%

Shares of NRG opened at $166.56 on Friday. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $175.96. The company has a market capitalization of $32.22 billion, a P/E ratio of 75.37, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The firm's 50 day simple moving average is $157.14 and its 200 day simple moving average is $141.12.

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

NRG Energy Announces Dividend

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

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NRG shares. 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 note on Wednesday, August 6th. Melius began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. Melius Research began coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Scotiabank began coverage on NRG Energy in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price target for the company. Finally, Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.85.

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.

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.