CWA Asset Management Group LLC Has $1.80 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

CWA Asset Management Group LLC grew its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,855 shares of the utilities provider's stock after purchasing an additional 4,004 shares during the period. CWA Asset Management Group LLC's holdings in NRG Energy were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $32,000. Graham Capital Management L.P. acquired a new position in NRG Energy during the 4th quarter worth $276,000. Townsquare Capital LLC lifted its holdings in NRG Energy by 97.4% during the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after buying an additional 2,582 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of NRG Energy in the 1st quarter valued at $1,345,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of NRG Energy by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 99,317 shares of the utilities provider's stock valued at $8,960,000 after purchasing an additional 2,462 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director now owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The sale 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.

Analyst Ratings Changes

Several analysts recently commented on NRG shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Wells Fargo & Company raised their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Jefferies Financial Group raised their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.78.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $0.51 during trading on Friday, reaching $152.13. 7,964,188 shares of the stock were exchanged, compared to its average volume of 3,001,366. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $162.33. The firm has a market cap of $29.74 billion, a PE ratio of 24.54, a PEG ratio of 1.29 and a beta of 1.13. The stock has a 50-day moving average price of $135.93 and a 200-day moving average price of $111.45. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm's quarterly revenue was up 15.6% on a year-over-year basis. Research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.16%. NRG Energy's dividend payout ratio is currently 28.39%.

NRG Energy 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.