NRG Energy, Inc. $NRG Shares Bought by FCG Investment Co

Key Points

• FCG Investment Co increased its stake in NRG Energy by 54.2% during the first quarter, owning 19,272 shares valued at $1.84 million, making it the firm's 25th largest holding.
• Insider transactions revealed that Director Kevin Howell sold 50,000 shares, representing a 47.43% decrease in his position, worth approximately $7.73 million.
• NRG Energy announced a quarterly dividend of $0.44 per share, resulting in an annualized yield of 1.2%, with a dividend payout ratio of 79.64%.

FCG Investment Co lifted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 54.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,272 shares of the utilities provider's stock after purchasing an additional 6,771 shares during the period. NRG Energy comprises about 1.2% of FCG Investment Co's investment portfolio, making the stock its 25th largest position. FCG Investment Co's holdings in NRG Energy were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Horizon Investments LLC raised its position in shares of NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after acquiring an additional 86 shares in the last quarter. Mather Group LLC. raised its holdings in NRG Energy by 12.1% in the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock valued at $86,000 after buying an additional 104 shares during the last quarter. Private Trust Co. NA lifted its position in shares of NRG Energy by 8.7% during the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock valued at $141,000 after buying an additional 119 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of NRG Energy by 19.2% in the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock worth $72,000 after buying an additional 122 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NYSE NRG traded down $0.2780 during trading hours on Wednesday, reaching $148.1020. The stock had a trading volume of 2,458,562 shares, compared to its average volume of 3,221,731. NRG Energy, Inc. has a 52-week low of $76.13 and a 52-week high of $175.96. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a market cap of $28.65 billion, a P/E ratio of 67.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The stock has a fifty day moving average of $155.19 and a 200 day moving average of $128.39.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 earnings per share. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research 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, August 9th. Raymond James Financial assumed coverage on NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target on the stock. Melius Research began coverage on NRG Energy in a research report on Wednesday. They issued a "buy" rating and a $308.00 price objective for the company. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, BMO Capital Markets increased their price target on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.92.

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.