Ieq Capital LLC Boosts Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• Ieq Capital LLC increased its holdings in NRG Energy, Inc. by 189.4% after purchasing an additional 9,502 shares, bringing its total to 14,519 shares valued at approximately $1.39 million.
• NRG Energy reported a quarterly earnings per share (EPS) of $1.68, slightly missing the consensus estimate of $1.72, while revenue reached $6.74 billion, exceeding the estimated $6.63 billion.
• The company recently declared a $0.44 quarterly dividend, translating to an annualized yield of 1.2%, with a dividend payout ratio of 79.64%.

Ieq Capital LLC raised its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 189.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,519 shares of the utilities provider's stock after buying an additional 9,502 shares during the period. Ieq Capital LLC's holdings in NRG Energy were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NRG. Zions Bancorporation National Association UT bought a new position in shares of NRG Energy during the first quarter worth approximately $28,000. Key Financial Inc bought a new position in shares of NRG Energy during the first quarter worth approximately $30,000. Evermay Wealth Management LLC bought a new position in shares of NRG Energy during the first quarter worth approximately $36,000. Park Square Financial Group LLC bought a new position in shares of NRG Energy during the fourth quarter worth approximately $53,000. Finally, UMB Bank n.a. increased its stake in shares of NRG Energy by 44.0% during the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after purchasing an additional 200 shares during the period. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of analyst reports. Melius Research initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Citigroup increased their price target on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Guggenheim increased their price target on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Raymond James Financial assumed coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.92.

NRG Energy Price Performance

Shares of NRG traded up $1.06 during trading hours on Thursday, reaching $147.97. The stock had a trading volume of 1,304,993 shares, compared to its average volume of 3,140,031. NRG Energy, Inc. has a 12 month low of $76.13 and a 12 month high of $175.96. The stock has a market capitalization of $28.62 billion, a PE ratio of 66.95, a PEG ratio of 1.19 and a beta of 1.17. 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 company's 50-day moving average is $153.91 and its two-hundred day moving average is $131.43.

NRG Energy (NYSE:NRG - Get Free Report) last announced its 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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the business earned $3.37 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

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

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.