BXM Wealth LLC Invests $245,000 in NRG Energy, Inc. $NRG

Key Points

• BXM Wealth LLC has invested $245,000 in NRG Energy, Inc., acquiring 1,525 shares during the second quarter.
• Institutional investors own 97.72% of NRG Energy's stock, indicating strong institutional interest.
• Recent analysts have given NRG Energy a range of ratings, with two analysts assigning a Strong Buy rating and a consensus price target of $188.85.

BXM Wealth LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,525 shares of the utilities provider's stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after purchasing an additional 1,528 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NRG Energy by 10.9% during the 1st quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider's stock worth $661,000 after acquiring an additional 679 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after acquiring an additional 2,190 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of NRG Energy by 28.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock worth $1,605,000 after acquiring an additional 3,721 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of NRG Energy by 35.3% during the 1st quarter. Grove Bank & Trust now owns 763 shares of the utilities provider's stock worth $73,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NRG. Citigroup boosted their target price on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Weiss Ratings reissued a "hold (c)" rating on shares of NRG Energy in a report on Wednesday, October 8th. Zacks Research raised NRG Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Melius initiated coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $169.72 on Friday. 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 stock's fifty day moving average price is $157.75 and its two-hundred day moving average price is $145.04. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 76.80, a P/E/G ratio of 1.37 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 1.78% and a return on equity of 88.22%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.37 earnings per share. On average, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is presently 79.64%.

Insider Buying and Selling at NRG Energy

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

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.

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