Global Financial Private Client LLC Grows Holdings in NRG Energy, Inc. $NRG

Key Points

• Global Financial Private Client LLC significantly increased its holdings in NRG Energy by 6,038% during the second quarter, owning 3,069 shares valued at approximately $493,000.
• Analysts have varied opinions on NRG Energy, with Citigroup increasing their target price to $185.00 and Melius Research giving a price target of $308.00, while Wall Street Zen downgraded the stock to a "hold" rating.
• NRG Energy's stock has experienced fluctuations, currently priced at $164.16, with a reported quarterly earnings per share of $1.68, falling short of analysts' expectations of $1.72.

Global Financial Private Client LLC grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 6,038.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,069 shares of the utilities provider's stock after buying an additional 3,019 shares during the quarter. Global Financial Private Client LLC's holdings in NRG Energy were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Zions Bancorporation National Association UT purchased a new position in NRG Energy in the first quarter worth $28,000. Key Financial Inc bought a new stake in shares of NRG Energy during the 1st quarter worth $30,000. Evermay Wealth Management LLC purchased a new position in shares of NRG Energy in the 1st quarter worth about $36,000. Park Square Financial Group LLC purchased a new position in shares of NRG Energy in the 4th quarter worth about $53,000. Finally, UMB Bank n.a. grew its position in NRG Energy by 44.0% during the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after buying an additional 200 shares during the period. 97.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NRG. Citigroup boosted their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price for the company. BMO Capital Markets upped their price target on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.92.

NRG Energy Stock Down 0.3%

Shares of NYSE NRG opened at $164.16 on Friday. The business has a 50-day simple moving average of $154.17 and a two-hundred day simple moving average of $135.29. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The company has a market cap of $31.75 billion, a P/E ratio of 74.28, a P/E/G ratio of 1.34 and a beta of 1.17. 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 (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 analysts' consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 earnings per share. Research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy's dividend payout ratio is presently 79.64%.

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction on 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 sale, the vice president 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 the SEC website. Company insiders own 0.86% of the company's stock.

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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