RBA Wealth Management LLC Purchases Shares of 14,517 NRG Energy, Inc. $NRG

Key Points

• RBA Wealth Management LLC acquired 14,517 shares of NRG Energy, valued at approximately $2.33 million, during the second quarter.
• NRG Energy announced a quarterly dividend of $0.44, representing an annualized yield of 1.0% with a payout ratio of 79.64%.
• Wall Street analysts have mixed ratings for NRG Energy, with one "Strong Buy," ten "Buy," and two "Hold" ratings; the consensus target price is $188.85.

RBA Wealth Management LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,517 shares of the utilities provider's stock, valued at approximately $2,331,000.

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in shares of NRG Energy during the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new position in NRG Energy during the first quarter worth $28,000. Key Financial Inc purchased a new position in NRG Energy in the first quarter valued at about $30,000. Evermay Wealth Management LLC bought a new stake in shares of NRG Energy in the 1st quarter worth $36,000. Finally, ORG Partners LLC grew its holdings in NRG Energy by 422.2% in the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after buying an additional 228 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price target on the stock. Melius Research started coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Finally, Barclays upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business's 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 transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $168.66 on Friday. The firm's fifty day moving average is $156.31 and its two-hundred day moving average is $138.71. The company has a market cap of $32.62 billion, a P/E ratio of 76.32, a P/E/G ratio of 1.38 and a beta of 1.17. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter last year, the company earned $3.37 earnings per share. NRG Energy's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts anticipate 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. Stockholders of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's payout ratio is 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.

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