MGO One Seven LLC Buys 1,621 Shares of NRG Energy, Inc. $NRG

Key Points

• MGO One Seven LLC increased its stake in NRG Energy, Inc. by 46.1% during Q2, purchasing an additional 1,621 shares, bringing its total holdings to 5,137 shares valued at $825,000.
• Goldman Sachs significantly raised its holdings in NRG by 468.4%, while Amundi and Boston Partners also increased their stakes substantially, highlighting growing institutional interest in the company.
• NRG Energy reported Q2 earnings with an EPS of $1.68, missing expectations, but revenue was up 1.2% year-over-year at $6.74 billion, indicating some financial resilience.

MGO One Seven LLC increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 46.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,137 shares of the utilities provider's stock after purchasing an additional 1,621 shares during the quarter. MGO One Seven LLC's holdings in NRG Energy were worth $825,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NRG. Goldman Sachs Group Inc. raised its holdings in NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after acquiring an additional 6,049,247 shares during the period. Amundi raised its holdings in NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after acquiring an additional 3,876,235 shares during the period. Boston Partners raised its holdings in NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after acquiring an additional 1,771,829 shares during the period. Nuveen LLC bought a new stake in NRG Energy during the 1st quarter valued at $93,075,000. Finally, Alliancebernstein L.P. raised its holdings in NRG Energy by 289.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider's stock valued at $97,672,000 after acquiring an additional 760,201 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NRG Energy stock opened at $169.72 on Friday. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The business has a 50-day simple moving average of $157.75 and a 200 day simple moving average of $145.04. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market cap of $32.83 billion, a price-to-earnings ratio of 76.80, a PEG ratio of 1.37 and a beta of 1.14.

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

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NRG shares. Weiss Ratings reissued a "hold (c)" rating on shares of NRG Energy in a report on Wednesday, October 8th. Barclays boosted their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets boosted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $188.85.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company's stock.

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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