RHS Financial LLC Invests $281,000 in NRG Energy, Inc. $NRG

Key Points

• RHS Financial LLC invested $281,000 in NRG Energy, acquiring 1,749 shares in the 2nd quarter.
• NRG Energy's stock is currently down 4.5%, and the company reported a quarterly loss with EPS of $1.68, missing estimates by $0.04.
• The firm recently declared a quarterly dividend of $0.44, representing a dividend yield of 1.1% and a payout ratio of 79.64%.

RHS Financial LLC bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,749 shares of the utilities provider's stock, valued at approximately $281,000.

Other hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its holdings 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 buying an additional 129 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 buying an additional 206,096 shares during the period. Exchange Traded Concepts LLC boosted its holdings 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 buying an additional 2,190 shares during the period. State of Alaska Department of Revenue boosted its holdings 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 buying an additional 630 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings 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 buying an additional 3,721 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 4.5%

Shares of NYSE:NRG opened at $160.66 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96. The company has a 50-day moving average price of $157.20 and a 200 day moving average price of $143.68. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 72.70, a PEG ratio of 1.29 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 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 business 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 posted $3.37 EPS. The firm's revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on NRG shares. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Melius started coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Citigroup raised their price objective on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. 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. Finally, Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $188.85.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were 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 of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

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.

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