J.Safra Asset Management Corp Purchases New Position in NRG Energy, Inc. (NYSE:NRG)

J.Safra Asset Management Corp acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,450 shares of the utilities provider's stock, valued at approximately $234,000.

Several other large investors have also modified their holdings of NRG. Schechter Investment Advisors LLC boosted its holdings in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after acquiring an additional 120 shares during the period. Independent Advisor Alliance grew its position in NRG Energy by 5.9% during the 4th quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock worth $236,000 after purchasing an additional 146 shares during the last quarter. Huntington National Bank raised its holdings in shares of NRG Energy by 28.3% in the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after buying an additional 146 shares during the last quarter. Keybank National Association OH boosted its stake in shares of NRG Energy by 5.0% during the fourth quarter. Keybank National Association OH now owns 3,302 shares of the utilities provider's stock worth $298,000 after buying an additional 157 shares during the period. Finally, Fidelis Capital Partners LLC increased its position in NRG Energy by 6.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,625 shares of the utilities provider's stock valued at $237,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NRG stock opened at $162.79 on Monday. The stock's 50 day moving average price is $141.87 and its 200 day moving average price is $113.72. The firm has a market cap of $31.83 billion, a P/E ratio of 26.26, a PEG ratio of 1.29 and a beta of 1.13. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. NRG Energy's payout ratio is currently 28.39%.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director now owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NRG. The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Guggenheim increased their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Barclays set a $197.00 price objective on NRG Energy and gave the stock an "overweight" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has an average rating of "Moderate Buy" and an average price target of $151.80.

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.

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