Consolidated Portfolio Review Corp Invests $250,000 in NRG Energy, Inc. $NRG

Key Points

• Consolidated Portfolio Review Corp made a $250,000 investment in NRG Energy, acquiring 1,554 shares during the second quarter.
• Several large investors have increased their stakes in NRG Energy, with hedge funds collectively owning 97.72% of the company's stock.
• NRG Energy recently reported $1.68 EPS for the last quarter, falling short of analysts' expectations, while the company also announced a quarterly dividend of $0.44.

Consolidated Portfolio Review Corp bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,554 shares of the utilities provider's stock, valued at approximately $250,000.

Several other large investors have also recently modified their holdings of NRG. Toth Financial Advisory Corp purchased a new position in shares of NRG Energy in the second quarter worth $27,000. Zions Bancorporation National Association UT purchased a new position in NRG Energy during the first quarter valued at approximately $28,000. Key Financial Inc bought a new position in NRG Energy in the 1st quarter worth $30,000. Evermay Wealth Management LLC purchased a new stake in shares of NRG Energy during the first quarter worth about $36,000. Finally, ORG Partners LLC raised its position in shares of NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company's 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 completion of the transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent research reports. Melius assumed coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Citigroup boosted their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial initiated coverage on NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Finally, Scotiabank began coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $188.85.

NRG Energy Stock Up 3.3%

Shares of NRG stock opened at $167.20 on Friday. The stock has a market cap of $32.34 billion, a P/E ratio of 75.66, a P/E/G ratio of 1.32 and a beta of 1.14. 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 stock has a 50 day moving average of $156.94 and a 200 day moving average of $140.33. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter in the prior year, the company posted $3.37 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

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 $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

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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