3,374 Shares in NRG Energy, Inc. $NRG Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 3,374 shares of NRG Energy, Inc. valued at approximately $322,000, indicating growing interest from institutional investors.
• Analysts have a positive outlook on NRG Energy, with multiple firms like Wells Fargo and Barclays raising their price targets significantly, reflecting confidence in the company's growth potential.
• NRG Energy recently declared a quarterly dividend of $0.44, yielding 1.2%, as part of its ongoing commitment to returning value to shareholders.

MBB Public Markets I LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,374 shares of the utilities provider's stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NRG. Zions Bancorporation National Association UT acquired a new stake in NRG Energy during the first quarter worth about $28,000. Key Financial Inc purchased a new position in NRG Energy during the first quarter worth approximately $30,000. Evermay Wealth Management LLC purchased a new position in NRG Energy during the first quarter worth approximately $36,000. Park Square Financial Group LLC purchased a new position in NRG Energy during the fourth quarter worth approximately $53,000. Finally, UMB Bank n.a. boosted its position in NRG Energy by 44.0% during the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after purchasing an additional 200 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares in the company, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NRG. BMO Capital Markets increased their price target on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Barclays increased 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. Melius began coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Melius Research began coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average price target of $186.92.

NRG Energy Price Performance

Shares of NYSE NRG traded up $7.14 during midday trading on Friday, hitting $165.06. The stock had a trading volume of 2,278,123 shares, compared to its average volume of 1,954,335. The company has a market capitalization of $31.93 billion, a PE ratio of 74.69, a P/E/G ratio of 1.34 and a beta of 1.17. The stock has a 50 day simple moving average of $153.23 and a 200-day simple moving average of $134.01. NRG Energy, Inc. has a 1 year low of $77.49 and a 1 year high of $175.96. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.37 EPS. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date 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 (DPR) is presently 79.64%.

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.