LifeWealth Investments LLC Takes $291,000 Position in NRG Energy, Inc. (NYSE:NRG)

LifeWealth Investments LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,226 shares of the utilities provider's stock, valued at approximately $291,000.

Several other hedge funds have also modified their holdings of NRG. UMB Bank n.a. increased its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in NRG Energy by 34.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider's stock worth $1,181,000 after buying an additional 3,329 shares during the last quarter. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after acquiring an additional 1,528 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in shares of NRG Energy by 7.8% in the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock valued at $3,857,000 after acquiring an additional 3,084 shares during the last quarter. Finally, PFG Investments LLC raised its position in shares of NRG Energy by 2.5% during the 4th quarter. PFG Investments LLC now owns 8,433 shares of the utilities provider's stock worth $761,000 after acquiring an additional 205 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRG. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price target (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Jefferies Financial Group raised their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Guggenheim boosted their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Stock Performance

NRG Energy stock traded up $1.37 during trading hours on Friday, reaching $155.84. 3,798,292 shares of the stock were exchanged, compared to its average volume of 3,028,241. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $161.78. The stock has a market cap of $30.47 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm's 50 day moving average is $116.78 and its 200 day moving average is $105.05.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. During the same period in the prior year, the company posted $2.31 earnings per share. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.13%. NRG Energy's dividend payout ratio is currently 28.39%.

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.