Caliber Wealth Management LLC KS Acquires New Stake in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Caliber Wealth Management LLC KS has acquired a new position in NRG Energy, Inc., purchasing 2,695 shares valued at approximately $257,000 in the first quarter.
• NRG Energy reported a strong earnings performance with earnings per share of $2.62, significantly exceeding analysts' expectations of $0.72, alongside a revenue increase of 15.6% year-over-year.
• The company also announced a quarterly dividend of $0.44 per share, representing an annualized yield of 1.12% and a payout ratio of 28.39%.

Caliber Wealth Management LLC KS purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,695 shares of the utilities provider's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in shares of NRG Energy during the first quarter valued at about $2,110,000. Assetmark Inc. boosted its position in shares of NRG Energy by 0.8% during the first quarter. Assetmark Inc. now owns 740,725 shares of the utilities provider's stock valued at $70,710,000 after buying an additional 6,064 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of NRG Energy by 29.9% during the first quarter. Cetera Investment Advisers now owns 92,592 shares of the utilities provider's stock valued at $8,839,000 after buying an additional 21,290 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of NRG Energy by 47.7% during the first quarter. Avantax Advisory Services Inc. now owns 7,017 shares of the utilities provider's stock valued at $670,000 after buying an additional 2,267 shares during the last quarter. Finally, Dorsey Wright & Associates boosted its position in shares of NRG Energy by 0.4% during the first quarter. Dorsey Wright & Associates now owns 61,948 shares of the utilities provider's stock valued at $5,914,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. Raymond James Financial began coverage on NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. Guggenheim boosted their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Barclays set a $197.00 target price on NRG Energy and gave the company an "overweight" rating in a research note on Thursday, June 26th. BMO Capital Markets restated a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average price target of $160.30.

NRG Energy Trading Up 3.3%

NRG stock traded up $5.31 during trading on Wednesday, hitting $165.18. 814,402 shares of the company traded hands, compared to its average volume of 3,187,933. The firm has a market capitalization of $32.29 billion, a PE ratio of 26.62, a P/E/G ratio of 1.32 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57. The company has a 50-day moving average of $154.66 and a 200-day moving average of $122.83. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06.

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, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The business's revenue was up 15.6% on a year-over-year basis. Analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.

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.