Opinicus Capital Inc. Purchases Shares of 2,223 NRG Energy, Inc. (NYSE:NRG)

Opinicus Capital Inc. bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,223 shares of the utilities provider's stock, valued at approximately $212,000.

A number of other hedge funds have also bought and sold shares of NRG. SBI Securities Co. Ltd. acquired a new stake in NRG Energy in the fourth quarter worth $32,000. Townsquare Capital LLC grew its holdings in NRG Energy by 97.4% in the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after purchasing an additional 2,582 shares during the period. Graham Capital Management L.P. acquired a new stake in NRG Energy in the fourth quarter worth $276,000. Sanctuary Advisors LLC grew its holdings in NRG Energy by 2.5% in the fourth quarter. Sanctuary Advisors LLC now owns 99,317 shares of the utilities provider's stock worth $8,960,000 after purchasing an additional 2,462 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of NRG Energy by 85.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,817 shares of the utilities provider's stock valued at $164,000 after buying an additional 835 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG stock traded up $0.81 during trading hours on Friday, hitting $151.81. 2,257,409 shares of the company were exchanged, compared to its average volume of 2,989,128. The firm has a fifty day simple moving average of $128.72 and a 200 day simple moving average of $109.27. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $162.33. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The company had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. NRG Energy's quarterly revenue was up 15.6% compared to the same quarter last year. Research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.16%. NRG Energy's dividend payout ratio is 28.39%.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NRG shares. Raymond James started coverage on shares of NRG Energy in a report on Friday. They set a "strong-buy" rating and a $195.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.78.

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.