Cavalier Investments LLC Buys Shares of 19,898 NRG Energy, Inc. (NYSE:NRG)

Cavalier Investments LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,898 shares of the utilities provider's stock, valued at approximately $1,899,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares in the last quarter. Global Retirement Partners LLC raised its holdings in NRG Energy by 21.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,686 shares of the utilities provider's stock worth $152,000 after buying an additional 295 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of NRG Energy by 43.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 76,544 shares of the utilities provider's stock worth $6,906,000 after buying an additional 23,319 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of NRG Energy during the fourth quarter valued at approximately $451,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of NRG Energy by 84.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,733 shares of the utilities provider's stock valued at $788,000 after acquiring an additional 4,004 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 5.4%

NRG stock opened at $161.61 on Friday. The business's 50-day moving average price is $140.57 and its 200-day moving average price is $112.99. The stock has a market cap of $31.60 billion, a P/E ratio of 26.07, a PEG ratio of 1.22 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $164.76. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The business 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 73.78% and a net margin of 4.66%. The company's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. On average, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is presently 28.39%.

Insider Activity at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction 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 owns 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on NRG. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Guggenheim boosted their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company upped their target price on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Raymond James Financial started coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Finally, BMO Capital Markets restated a "market perform" rating and set a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

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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