Kestra Private Wealth Services LLC Decreases Stake in NRG Energy, Inc. (NYSE:NRG)

Kestra Private Wealth Services LLC decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,470 shares of the utilities provider's stock after selling 2,853 shares during the period. Kestra Private Wealth Services LLC's holdings in NRG Energy were worth $904,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares during the period. Leigh Baldwin & CO. LLC bought a new position in NRG Energy in the 4th quarter valued at $54,881,000. Bridgewater Associates LP boosted its holdings in NRG Energy by 47.3% in the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock valued at $106,944,000 after purchasing an additional 380,564 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in NRG Energy by 119.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 677,894 shares of the utilities provider's stock valued at $61,161,000 after purchasing an additional 368,473 shares during the period. Finally, Northern Trust Corp boosted its holdings in NRG Energy by 16.1% in the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after purchasing an additional 316,445 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Guggenheim boosted their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $160.30.

NRG Energy Trading Down 0.9%

NRG Energy stock traded down $1.39 during trading hours on Friday, hitting $156.58. The company had a trading volume of 2,025,569 shares, compared to its average volume of 2,927,422. The firm has a market cap of $30.61 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.31 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. The company has a 50-day moving average price of $154.71 and a two-hundred day moving average price of $121.83.

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

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.44 per share. 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 1.12%. NRG Energy's payout ratio is 28.39%.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company'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 transaction, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

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.