Integrity Alliance LLC. Makes New Investment in NRG Energy, Inc. $NRG

Key Points

• Integrity Alliance LLC has made a new investment in NRG Energy, Inc., acquiring 3,607 shares valued at approximately $344,000.
• Several institutional investors significantly increased their holdings in NRG, with Goldman Sachs boosting its stake by 468.4% to over $454 million.
• NRG Energy declared a quarterly dividend of $0.44 per share, reflecting a 1.1% dividend yield and a payout ratio of 79.64%.

Integrity Alliance LLC. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,607 shares of the utilities provider's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Optimize Financial Inc purchased a new stake in shares of NRG Energy during the 1st quarter valued at $257,000. Woodline Partners LP raised its position in shares of NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider's stock valued at $1,634,000 after buying an additional 4,949 shares in the last quarter. Zurich Insurance Group Ltd FI raised its position in shares of NRG Energy by 78.3% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 295,201 shares of the utilities provider's stock valued at $28,180,000 after buying an additional 129,676 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of NRG Energy during the 1st quarter valued at $322,000. Finally, United Services Automobile Association bought a new position in shares of NRG Energy during the 1st quarter valued at $472,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the sale, the vice president owned 48,571 shares of the company's stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent research reports. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays increased their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Citigroup increased their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. Finally, Melius initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.92.

NRG Energy Trading Up 0.8%

NRG Energy stock traded up $1.32 during trading hours on Monday, reaching $166.16. The stock had a trading volume of 2,357,483 shares, compared to its average volume of 1,954,335. The stock has a market cap of $32.14 billion, a PE ratio of 75.19, a PEG ratio of 1.34 and a beta of 1.17. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a fifty day simple moving average of $153.38 and a 200-day simple moving average of $134.44.

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 the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $3.37 EPS. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

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