Axecap Investments LLC Has $3.03 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Axecap Investments LLC raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 22.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,757 shares of the utilities provider's stock after acquiring an additional 5,719 shares during the quarter. NRG Energy makes up about 2.6% of Axecap Investments LLC's investment portfolio, making the stock its 12th largest holding. Axecap Investments LLC's holdings in NRG Energy were worth $3,032,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NRG. Brighton Jones LLC lifted its stake in NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in NRG Energy by 11.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,707 shares of the utilities provider's stock valued at $244,000 after purchasing an additional 281 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in NRG Energy during the 4th quarter valued at $263,000. Kestra Private Wealth Services LLC lifted its holdings in NRG Energy by 3.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 12,323 shares of the utilities provider's stock valued at $1,112,000 after purchasing an additional 365 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in NRG Energy by 7.8% during the 4th quarter. Savant Capital LLC now owns 13,273 shares of the utilities provider's stock valued at $1,197,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director now directly owns 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

NRG has been the subject of several research reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Jefferies Financial Group raised their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Guggenheim raised their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of "Moderate Buy" and a consensus price target of $140.75.

NRG Energy Price Performance

NRG Energy stock traded up $1.82 during midday trading on Thursday, reaching $150.89. The company's stock had a trading volume of 2,874,173 shares, compared to its average volume of 2,991,305. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $162.33. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The business has a 50-day moving average price of $127.45 and a 200-day moving average price of $108.86. The stock has a market cap of $29.50 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 earnings per share. On average, sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.

NRG Energy 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.