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NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Donoghue Forlines LLC

NRG Energy logo with Utilities background

Key Points

  • Donoghue Forlines LLC increased its stake in NRG Energy, Inc. by 146.3% in Q1, owning 40,087 shares worth approximately $3.83 million as per their recent SEC filing.
  • Insider Kevin Howell sold 50,000 shares of NRG, reducing his ownership by 47.43%, and now holds shares valued at over $8.5 million.
  • Analysts have provided mixed ratings for NRG Energy, with upgrades in price targets from firms like Citigroup and Jefferies, but a downgrade from Wall Street Zen, resulting in a consensus rating of "Moderate Buy".
  • Need Better Tools to Track NRG Energy? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Donoghue Forlines LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 146.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,087 shares of the utilities provider's stock after buying an additional 23,812 shares during the quarter. NRG Energy makes up approximately 1.2% of Donoghue Forlines LLC's holdings, making the stock its 10th largest holding. Donoghue Forlines LLC's holdings in NRG Energy were worth $3,827,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after purchasing an additional 6,049,247 shares during the period. GAMMA Investing LLC increased its position in shares of NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after buying an additional 655,098 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of NRG Energy in the 4th quarter valued at $54,881,000. Bridgewater Associates LP increased its position in shares of NRG Energy by 47.3% in the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock valued at $106,944,000 after buying an additional 380,564 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of NRG Energy by 119.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 677,894 shares of the utilities provider's stock valued at $61,161,000 after buying an additional 368,473 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the director owned 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NRG shares. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Guggenheim upped their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Barclays upped their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Raymond James Financial assumed coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective for the company. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $162.70.

Check Out Our Latest Analysis on NRG Energy

NRG Energy Stock Down 0.3%

NRG stock traded down $0.50 during trading hours on Friday, reaching $152.72. 2,574,077 shares of the stock were exchanged, compared to its average volume of 3,354,016. The company has a market cap of $29.54 billion, a price-to-earnings ratio of 69.10, a PEG ratio of 1.28 and a beta of 1.14. The firm's 50-day moving average is $155.73 and its 200-day moving average is $126.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a 12 month low of $76.13 and a 12 month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. NRG Energy's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 EPS. On average, equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.44 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

About NRG Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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