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J.W. Cole Advisors Inc. Increases Stock Position in NRG Energy, Inc. (NYSE:NRG)

NRG Energy logo with Utilities background

J.W. Cole Advisors Inc. increased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 32.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,082 shares of the utilities provider's stock after buying an additional 2,484 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in NRG Energy were worth $962,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NRG. Key Financial Inc purchased a new stake in shares of NRG Energy during the 1st quarter worth about $30,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC boosted its stake in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth about $53,000. Finally, UMB Bank n.a. boosted its stake in shares of NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after acquiring an additional 200 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. BMO Capital Markets reissued a "market perform" rating and set a $167.00 target price (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Jefferies Financial Group upped their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Finally, Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.30.

Read Our Latest Stock Analysis on NRG Energy

NRG Energy Price Performance

NRG stock traded up $1.89 during mid-day trading on Monday, reaching $158.48. The company's stock had a trading volume of 449,245 shares, compared to its average volume of 3,202,779. The stock has a market cap of $30.98 billion, a PE ratio of 25.63, a P/E/G ratio of 1.30 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $168.57. The company's 50 day moving average is $154.71 and its two-hundred day moving average is $122.16.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. NRG Energy's payout ratio is 28.39%.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were 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 owned 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

NRG Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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