Foster & Motley Inc. Purchases 4,178 Shares of NRG Energy, Inc. $NRG

Key Points

• Foster & Motley Inc. increased its stake in NRG Energy, Inc. by 36.2% during the 2nd quarter, owning a total of 15,710 shares valued at $2.5 million.
• NRG Energy's quarterly earnings report showed earnings per share of $1.68, missing estimates by $0.04, while revenue grew by 1.2% year-over-year.
• The company recently declared a quarterly dividend of $0.44 per share, translating to an annualized yield of 1.0%.

Foster & Motley Inc. grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 36.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,710 shares of the utilities provider's stock after buying an additional 4,178 shares during the quarter. Foster & Motley Inc.'s holdings in NRG Energy were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NRG. Toth Financial Advisory Corp bought a new position in NRG Energy in the 2nd quarter worth $27,000. Zions Bancorporation National Association UT bought a new position in NRG Energy in the 1st quarter worth $28,000. Key Financial Inc bought a new position in NRG Energy in the 1st quarter worth $30,000. Evermay Wealth Management LLC bought a new position in NRG Energy in the 1st quarter worth $36,000. Finally, Kiker Wealth Management LLC bought a new position in NRG Energy in the 2nd quarter worth $37,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 0.4%

Shares of NRG Energy stock opened at $169.22 on Friday. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 76.57, a PEG ratio of 1.35 and a beta of 1.14. The business has a 50-day moving average price of $158.08 and a 200-day moving average price of $145.82. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96.

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

NRG Energy Announces Dividend

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

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

NRG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NRG Energy in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Scotiabank initiated coverage on NRG Energy in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price target for the company. Melius Research initiated coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Finally, Barclays increased their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $188.85.

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.

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