Reliant Investment Partners LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,192 shares of the utilities provider's stock, valued at approximately $209,000.
Other institutional investors have also modified their holdings of the company. Horizon Investments LLC grew its stake in NRG Energy by 3.0% in the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after purchasing an additional 86 shares in the last quarter. Mather Group LLC. lifted its position in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after purchasing an additional 97 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock valued at $86,000 after acquiring an additional 104 shares during the period. Private Trust Co. NA raised its stake in shares of NRG Energy by 8.7% during the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock valued at $141,000 after purchasing an additional 119 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of NRG Energy by 19.2% in the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock worth $72,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on NRG shares. BMO Capital Markets boosted their target price on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Citigroup lifted their target price on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays lifted 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. Finally, Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.92.
View Our Latest Research Report on NRG
Insider Buying and Selling at NRG Energy
In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.
NRG Energy Stock Performance
Shares of NYSE:NRG traded up $2.84 during midday trading on Monday, hitting $167.68. The company's stock had a trading volume of 1,174,581 shares, compared to its average volume of 3,099,867. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock's 50 day simple moving average is $153.23 and its 200 day simple moving average is $134.01. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 75.79, a PEG ratio of 1.34 and a beta of 1.17. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96.
NRG Energy (NYSE:NRG - Get Free Report) last released its 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 business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $3.37 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.
NRG Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is presently 79.64%.
NRG Energy Profile
(
Free Report)
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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