NRG Energy, Inc. $NRG Stock Position Raised by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC increased its stake in NRG Energy by 23.5% in the second quarter, owning a total of 43,968 shares valued at $7,060,000.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, reflecting an annualized payout of $1.76 and a yield of 1.1%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for NRG Energy, with target prices ranging from $133.00 to $308.00.

Procyon Advisors LLC increased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,968 shares of the utilities provider's stock after acquiring an additional 8,360 shares during the quarter. Procyon Advisors LLC's holdings in NRG Energy were worth $7,060,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NRG. Brighton Jones LLC lifted its stake in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after acquiring an additional 1,528 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NRG Energy by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the utilities provider's stock valued at $1,703,000 after buying an additional 820 shares in the last quarter. ProShare Advisors LLC raised its stake in NRG Energy by 2.2% during the fourth quarter. ProShare Advisors LLC now owns 46,766 shares of the utilities provider's stock valued at $4,219,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming raised its stake in NRG Energy by 179.9% during the fourth quarter. State of Wyoming now owns 3,961 shares of the utilities provider's stock valued at $357,000 after buying an additional 2,546 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in NRG Energy by 9.0% during the fourth quarter. Vident Advisory LLC now owns 65,611 shares of the utilities provider's stock valued at $5,920,000 after buying an additional 5,442 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NRG. Raymond James Financial began coverage on NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays upped their price objective on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Melius initiated coverage on NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective on the stock. Finally, Melius Research initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. 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. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $186.92.

NRG Energy Price Performance

NYSE NRG traded down $0.32 on Friday, reaching $163.87. 4,195,804 shares of the stock traded hands, compared to its average volume of 2,007,153. The firm's fifty day simple moving average is $154.44 and its 200 day simple moving average is $135.99. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a market cap of $31.70 billion, a price-to-earnings ratio of 74.15, a P/E/G ratio of 1.35 and a beta of 1.17. 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 issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.37 earnings per share. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% 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.