Invst LLC Acquires Shares of 7,179 NRG Energy, Inc. $NRG

Key Points

• Invst LLC purchased 7,179 shares of NRG Energy, Inc. for approximately $685,000 during the 1st quarter, contributing to the increasing institutional ownership which now stands at 97.72%.
• VP Dak Liyanearachchi sold 10,672 shares of NRG Energy at an average price of $155.00, reducing their ownership of the stock by 18.01%.
• NRG Energy reported $1.68 earnings per share for the last quarter, missing analysts' expectations, despite a revenue increase to $6.74 billion.

Invst LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,179 shares of the utilities provider's stock, valued at approximately $685,000.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in NRG Energy during the first quarter valued at approximately $28,000. Key Financial Inc bought a new stake in NRG Energy during the first quarter valued at approximately $30,000. Evermay Wealth Management LLC bought a new stake in NRG Energy during the first quarter valued at approximately $36,000. Park Square Financial Group LLC bought a new stake in NRG Energy during the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. lifted 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 purchasing an additional 200 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 0.8%

NYSE:NRG traded up $1.32 during midday trading on Monday, reaching $166.16. 2,357,483 shares of the stock traded hands, compared to its average volume of 1,954,335. The company has a fifty day moving average of $153.38 and a 200 day moving average of $134.44. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96. 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 stock has a market capitalization of $32.14 billion, a P/E ratio of 75.19, a PEG ratio of 1.34 and a beta of 1.17.

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

NRG Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James Financial assumed coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price for the company. Melius Research initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Finally, Melius initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. One 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. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $186.92.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction on 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 completion of the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

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.