Forefront Wealth Management Inc. Makes New Investment in NRG Energy, Inc. $NRG

Key Points

• Forefront Wealth Management Inc. has acquired a new stake in NRG Energy, Inc., purchasing 1,520 shares valued at approximately $244,000 in the second quarter.
• Insiders have been active, with VP Dak Liyanearachchi selling 10,672 shares for approximately $1.65 million, reducing their ownership by 18.01%.
• NRG Energy reported a quarterly EPS of $1.68, missing estimates, while the company's market cap stands at $32.62 billion with plans for a dividend yield of 1.0%.

Forefront Wealth Management Inc. bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,520 shares of the utilities provider's stock, valued at approximately $244,000.

Other large investors also recently modified their holdings of the company. Horizon Investments LLC grew its stake in NRG Energy by 3.0% during the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after buying an additional 86 shares in the last quarter. Mather Group LLC. boosted its position in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in NRG Energy by 13.0% in the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock valued at $86,000 after acquiring an additional 104 shares during the last quarter. Private Trust Co. NA raised its position in 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 purchasing an additional 119 shares in the last quarter. Finally, Allworth Financial LP increased its stake 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 valued at $72,000 after purchasing an additional 122 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NRG shares. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets raised their price target on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Melius Research assumed coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. 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. Finally, Melius started coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $188.85.

NRG Energy Stock Performance

Shares of NRG opened at $168.66 on Monday. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The company has a market cap of $32.62 billion, a PE ratio of 76.32, a P/E/G ratio of 1.37 and a beta of 1.17. The stock has a 50-day moving average of $156.31 and a 200-day moving average of $139.04. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

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

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's payout ratio is 79.64%.

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.

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