NRG Energy, Inc. $NRG Holdings Boosted by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC has significantly increased its stake in NRG Energy by 284.2%, acquiring 11,232 additional shares, bringing their total to 15,184 shares valued at approximately $2.44 million.
• Analysts show a favorable sentiment towards NRG Energy, with a consensus target price of $186.92 and multiple buy ratings, including Citigroup's upgraded target to $185.00 and Melius's ambitious target of $308.00.
• The company's recent earnings report revealed a miss in EPS expectations at $1.68, while revenue grew 1.2% year-over-year, totaling $6.74 billion, indicating stable operational performance despite market fluctuations.

Farther Finance Advisors LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 284.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,184 shares of the utilities provider's stock after acquiring an additional 11,232 shares during the period. Farther Finance Advisors LLC's holdings in NRG Energy were worth $2,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Zions Bancorporation National Association UT bought a new stake in NRG Energy in the first quarter worth $28,000. Key Financial Inc bought a new stake in NRG Energy in the first quarter worth $30,000. Oliver Lagore Vanvalin Investment Group bought a new stake in NRG Energy in the second quarter worth $58,000. Evermay Wealth Management LLC bought a new stake in NRG Energy in the first quarter worth $36,000. Finally, Park Square Financial Group LLC bought a new stake in NRG Energy in the fourth quarter worth $53,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent analyst reports. Melius initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target for the company. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets upped their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Melius Research began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.92.

NRG Energy Stock Performance

Shares of NRG stock opened at $163.87 on Monday. The firm has a 50-day moving average of $154.44 and a 200-day moving average of $136.30. The company has a market cap of $31.70 billion, a P/E ratio of 74.15, a P/E/G ratio of 1.35 and a beta of 1.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96.

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

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued 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 dividend yield of 1.1%. NRG Energy's dividend payout ratio is 79.64%.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.

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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