Marks Group Wealth Management Inc Buys Shares of 1,807 NRG Energy, Inc. $NRG

Key Points

• Marks Group Wealth Management Inc acquired 1,807 shares of NRG Energy, valued at approximately $290,000, as part of their new position in the company.
• Multiple institutional investors also increased their stakes in NRG Energy, with Fairvoy Private Wealth LLC now owning 17,396 shares worth $2,793,000.
• Analysts have mixed ratings for NRG Energy, with a mix of "buy," "hold," and "sector outperform" ratings, reflecting varied expectations for the stock's performance.

Marks Group Wealth Management Inc bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,807 shares of the utilities provider's stock, valued at approximately $290,000.

Other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC acquired a new position in shares of NRG Energy during the second quarter worth $408,000. Brown Miller Wealth Management LLC purchased a new position in NRG Energy during the 2nd quarter worth $305,000. Clarius Group LLC acquired a new position in NRG Energy during the 2nd quarter valued at about $230,000. 111 Capital purchased a new stake in NRG Energy in the second quarter valued at about $437,000. Finally, Fairvoy Private Wealth LLC boosted its holdings in NRG Energy by 0.9% in the second quarter. Fairvoy Private Wealth LLC now owns 17,396 shares of the utilities provider's stock worth $2,793,000 after acquiring an additional 157 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NRG shares. Scotiabank started coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price objective for the company. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Melius Research initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Citigroup upped their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Barclays lifted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $188.85.

NRG Energy Price Performance

NYSE:NRG opened at $163.98 on Tuesday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a 50 day moving average price of $157.25 and a 200-day moving average price of $141.85. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $175.96. The firm has a market cap of $31.72 billion, a price-to-earnings ratio of 74.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.37 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy's dividend payout ratio is presently 79.64%.

About NRG Energy

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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