Farther Finance Advisors LLC Has $389,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Farther Finance Advisors LLC lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 114.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,952 shares of the utilities provider's stock after purchasing an additional 2,109 shares during the quarter. Farther Finance Advisors LLC's holdings in NRG Energy were worth $389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Banco Santander S.A. increased its stake 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 during the last quarter. Northern Trust Corp raised its stake in NRG Energy by 16.1% in the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Appaloosa LP lifted its stake in NRG Energy by 81.5% during the fourth 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 during the last quarter. Russell Investments Group Ltd. boosted its position in NRG Energy by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after buying an additional 56,944 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after buying an additional 41,094 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

NYSE:NRG opened at $153.86 on Tuesday. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $162.33. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.01 and a beta of 1.13. The firm's 50-day moving average is $131.40 and its 200-day moving average is $110.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the business'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 completion of the transaction, the director now directly owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NRG has been the subject of a number of 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 report on Monday, May 5th. Guggenheim lifted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley increased their target price 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. Raymond James started coverage on shares of NRG Energy in a research note on Friday. They issued a "strong-buy" rating and a $195.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Three 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.78.

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.

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