3,900 Shares in NRG Energy, Inc. $NRG Bought by CTC Alternative Strategies Ltd.

Key Points

• CTC Alternative Strategies Ltd. acquired 3,900 shares of NRG Energy, Inc. in the first quarter, valued at approximately $372,000, as reported in their Form 13F filing.
• NRG Energy's stock currently has a market capitalization of $28.52 billion and a recent price-to-earnings ratio of 66.73, with a dividend payout ratio of 79.64%.
• Despite reporting $1.68 earnings per share that missed consensus estimates, NRG Energy reported a revenue increase of 1.2% year-over-year, totaling $6.74 billion for the quarter.

CTC Alternative Strategies Ltd. purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,900 shares of the utilities provider's stock, valued at approximately $372,000.

Several other large investors also recently bought and sold shares of NRG. Horizon Investments LLC lifted its holdings in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after purchasing an additional 86 shares in the last quarter. Mather Group LLC. raised its holdings in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of NRG Energy by 13.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock worth $86,000 after acquiring an additional 104 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of NRG Energy by 8.7% during the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock worth $141,000 after acquiring an additional 119 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of NRG Energy by 19.2% during the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 122 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 4.5%

NRG Energy stock traded up $7.14 during mid-day trading on Friday, hitting $165.06. The company's stock had a trading volume of 2,278,123 shares, compared to its average volume of 1,979,868. NRG Energy, Inc. has a one year low of $77.49 and a one year high of $175.96. The stock has a market cap of $31.93 billion, a PE ratio of 74.69, a P/E/G ratio of 1.29 and a beta of 1.17. The company has a 50 day moving average of $153.23 and a 200-day moving average of $133.81. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

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

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.44 dividend. 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 is currently 79.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. 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. Raymond James Financial assumed 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. BMO Capital Markets boosted their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Melius initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. Finally, Barclays upped their price objective on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.92.

Insider Buying and Selling at NRG Energy

In other NRG Energy 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

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.