Quadcap Wealth Management LLC Invests $402,000 in NRG Energy, Inc. $NRG

Key Points

• Quadcap Wealth Management LLC acquired a new stake in NRG Energy, purchasing 4,216 shares valued at approximately $402,000 during the 1st quarter.
• NRG Energy reported $1.68 EPS for the quarter, which missed analyst expectations by $0.04, while revenue was $6.74 billion, exceeding forecasts.
• The company announced a quarterly dividend of $0.44 per share, equating to an annualized dividend yield of 1.2%, with a payout ratio of 79.64%.

Quadcap Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,216 shares of the utilities provider's stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after buying an additional 6,049,247 shares in the last quarter. Boston Partners boosted its stake in shares of NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after acquiring an additional 1,771,829 shares during the period. Nuveen LLC purchased a new stake in shares of NRG Energy during the first quarter worth about $93,075,000. GAMMA Investing LLC raised its stake in NRG Energy by 10,483.2% during the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares during the period. Finally, Leigh Baldwin & CO. LLC purchased a new position in NRG Energy in the 4th quarter worth approximately $54,881,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Barclays boosted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. BMO Capital Markets raised their price objective on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Melius Research assumed coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target for the company. Finally, Citigroup upped their price objective on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.92.

NRG Energy Trading Down 2.1%

NRG traded down $3.14 during trading on Friday, reaching $145.52. The company had a trading volume of 1,560,812 shares, compared to its average volume of 2,914,910. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $76.13 and a 52 week high of $175.96. The stock has a market cap of $28.15 billion, a P/E ratio of 65.84, a PEG ratio of 1.21 and a beta of 1.14. The business has a 50 day simple moving average of $154.35 and a 200-day simple moving average of $130.60.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the previous year, the business earned $3.37 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm 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. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

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.