Lee Johnson Capital Management LLC Buys Shares of 43,325 NRG Energy, Inc. (NYSE:NRG)

Lee Johnson Capital Management LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,325 shares of the utilities provider's stock, valued at approximately $4,136,000. NRG Energy comprises 2.2% of Lee Johnson Capital Management LLC's portfolio, making the stock its 13th largest position.

A number of other institutional investors have also made changes to their positions in NRG. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $41,000. Larson Financial Group LLC lifted its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position 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 buying an additional 205 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $53,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NRG shares. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Guggenheim lifted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group lifted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. Finally, Barclays set a $197.00 target price on shares of NRG Energy and gave the company an "overweight" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.80.

NRG Energy Stock Performance

NRG traded down $7.26 during trading on Tuesday, hitting $151.43. The stock had a trading volume of 3,066,244 shares, compared to its average volume of 2,980,716. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The firm has a market capitalization of $29.61 billion, a P/E ratio of 24.42, a PEG ratio of 1.26 and a beta of 1.13. The company's 50-day moving average price is $148.48 and its 200 day moving average price is $116.51. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $168.57.

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, 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 business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the firm earned $2.31 EPS. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. NRG Energy's dividend payout ratio is presently 28.39%.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.