17,239 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,239 shares of the utilities provider's stock, valued at approximately $1,646,000.

Several other large investors have also made changes to their positions in NRG. Brighton Jones LLC boosted its stake in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after acquiring an additional 1,528 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in NRG Energy during the fourth quarter worth approximately $263,000. Savant Capital LLC grew its holdings in NRG Energy by 7.8% during the fourth quarter. Savant Capital LLC now owns 13,273 shares of the utilities provider's stock valued at $1,197,000 after purchasing an additional 963 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of NRG Energy by 23.7% in the fourth quarter. Leavell Investment Management Inc. now owns 4,150 shares of the utilities provider's stock valued at $374,000 after purchasing an additional 795 shares during the period. Finally, Gladstone Institutional Advisory LLC raised its position in shares of NRG Energy by 3.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,755 shares of the utilities provider's stock valued at $519,000 after purchasing an additional 167 shares during the period. Institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In related 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 transaction, the director now owns 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

NRG Energy Price Performance

Shares of NYSE:NRG traded up $0.41 on Wednesday, hitting $152.49. The stock had a trading volume of 2,527,934 shares, compared to its average volume of 2,983,293. The firm's 50 day moving average price is $132.49 and its 200-day moving average price is $110.43. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.33. The company has a market capitalization of $29.81 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The firm had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The company's quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised their target price 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 assumed coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.