Envestnet Portfolio Solutions Inc. Raises Holdings in NRG Energy, Inc. (NYSE:NRG)

Envestnet Portfolio Solutions Inc. grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,391 shares of the utilities provider's stock after buying an additional 1,973 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in NRG Energy were worth $1,565,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NRG. Banco Santander S.A. grew its holdings in shares of NRG Energy by 0.3% during the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after purchasing an additional 7,500 shares in the last quarter. Northern Trust Corp grew its holdings in shares of NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Appaloosa LP grew its holdings in shares of NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after purchasing an additional 56,944 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after purchasing an additional 41,094 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 1.2%

NRG Energy stock traded up $1.76 during trading hours on Tuesday, hitting $153.81. The stock had a trading volume of 2,646,222 shares, compared to its average volume of 2,967,199. The stock has a market cap of $30.07 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.21 and a beta of 1.13. The business's 50 day simple moving average is $138.20 and its 200-day simple moving average is $112.25. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last issued its 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. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. On average, equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.14%. NRG Energy's payout ratio is 28.39%.

Insider Activity at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction on 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 transaction, the director now owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NRG has been the topic of several research analyst reports. 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 research note on Monday, May 5th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. 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. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, Guggenheim increased their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $146.78.

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.