Monument Capital Management Makes New $3.15 Million Investment in NRG Energy, Inc. $NRG

Key Points

• Monument Capital Management has made a new investment of approximately $3.15 million in NRG Energy, acquiring 19,630 shares in the second quarter.
• Brokerages have a generally positive outlook for NRG Energy, with Citigroup raising its price target from $133 to $185 and several other firms issuing "buy" ratings with targets as high as $308.
• NRG Energy reported a quarterly earnings per share (EPS) of $1.68, which was $0.04 below analyst expectations, and had a revenue of $6.74 billion, exceeding estimates.

Monument Capital Management acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,630 shares of the utilities provider's stock, valued at approximately $3,152,000.

Several other large investors have also recently bought and sold shares of NRG. GW&K Investment Management LLC increased its position in shares of NRG Energy by 23.8% in the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock valued at $64,000 after buying an additional 129 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of NRG Energy by 99.2% in the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock valued at $39,512,000 after buying an additional 206,096 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock valued at $593,000 after buying an additional 2,190 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of NRG Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock valued at $2,265,000 after buying an additional 630 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock valued at $1,605,000 after buying an additional 3,721 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business's stock in a transaction on 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 of the company's stock, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NRG. Citigroup raised their price target on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Melius Research began coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Melius started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Raymond James Financial started coverage on NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Finally, Barclays lifted their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Trading Up 0.4%

NRG Energy stock opened at $168.11 on Friday. The stock has a 50-day moving average price of $157.35 and a 200 day moving average price of $142.62. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The stock has a market cap of $32.52 billion, a PE ratio of 76.07, a P/E/G ratio of 1.35 and a beta of 1.14.

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

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 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.

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