Dynasty Wealth Management LLC Acquires Shares of 3,069 NRG Energy, Inc. (NYSE:NRG)

Dynasty Wealth Management LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,069 shares of the utilities provider's stock, valued at approximately $293,000.

Several other large investors also recently made changes to their positions in NRG. Key Financial Inc acquired a new position in NRG Energy in the 1st quarter worth $30,000. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy in the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC boosted its position in shares of NRG Energy by 64.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after buying an additional 205 shares during the period. Park Square Financial Group LLC bought a new position in shares of NRG Energy during the fourth quarter worth about $53,000. Finally, UMB Bank n.a. raised its position in NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after buying an additional 200 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG traded up $4.59 during midday trading on Friday, reaching $151.97. The stock had a trading volume of 3,408,409 shares, compared to its average volume of 2,972,288. The firm has a market cap of $29.71 billion, a PE ratio of 24.51, a P/E/G ratio of 1.17 and a beta of 1.13. The firm has a 50 day simple moving average of $153.92 and a 200-day simple moving average of $119.31. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $168.57. 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 announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The business's revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Citigroup restated a "buy" rating and set a $185.00 target price (up previously from $133.00) on shares of NRG Energy in a report on Thursday. Raymond James Financial assumed 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 on the stock. Wells Fargo & Company increased their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $160.30.

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.