Park Capital Management LLC WI Invests $392,000 in NRG Energy, Inc. $NRG

Key Points

• Park Capital Management LLC has acquired a new stake in NRG Energy, purchasing 2,443 shares valued at approximately $392,000 during the second quarter.
• NRG Energy recently reported an EPS of $1.68 for the quarter, missing estimates by $0.04, but showed a year-over-year revenue increase of 1.2% to $6.74 billion.
• The company announced a quarterly dividend of $0.44 per share, which translates to an annual yield of 1.1%, with a payout ratio of 79.64%.

Park Capital Management LLC WI purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,443 shares of the utilities provider's stock, valued at approximately $392,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock worth $64,000 after purchasing an additional 129 shares during the period. Envestnet Asset Management Inc. boosted its stake in NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after purchasing an additional 206,096 shares during the period. Exchange Traded Concepts LLC boosted its stake in NRG Energy by 54.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares during the period. State of Alaska Department of Revenue boosted its stake in NRG Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in NRG Energy by 28.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock worth $1,605,000 after purchasing an additional 3,721 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Trading Up 3.4%

Shares of NRG traded up $5.65 on Monday, reaching $170.01. 1,106,358 shares of the company's stock were exchanged, compared to its average volume of 3,089,525. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The stock has a market capitalization of $32.89 billion, a P/E ratio of 76.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The business has a 50 day moving average price of $154.44 and a two-hundred day moving average price of $136.30. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly 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 period last year, the firm earned $3.37 earnings per share. The company's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

Insider Buying and Selling

In other news, VP Dak Liyanearachchi sold 10,672 shares of the 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 owned 48,571 shares of the company's stock, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Scotiabank assumed coverage on shares of NRG Energy in a report on Monday. They issued a "sector outperform" rating and a $212.00 target price on the stock. Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Citigroup boosted their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Barclays boosted their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.85.

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.