Roberts Capital Advisors LLC Acquires Shares of 5,698 NRG Energy, Inc. (NYSE:NRG)

Key Points

• Roberts Capital Advisors LLC has acquired 5,698 shares of NRG Energy, Inc., valued at approximately $544,000, during the first quarter, adding to the significant institutional interest in the company.
• The stock price target for NRG Energy has been raised by several analysts, with BMO Capital Markets increasing it from $167.00 to $185.00 and Citigroup from $133.00 to $185.00, reflecting a generally positive outlook.
• Despite reporting a quarterly EPS of $1.68 which missed estimates, NRG Energy reported revenues of $6.74 billion, up 1.2% year-over-year, indicating resilience in performance.

Roberts Capital Advisors LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,698 shares of the utilities provider's stock, valued at approximately $544,000.

A number of other hedge funds also recently bought and sold shares of NRG. Goldman Sachs Group Inc. lifted its stake in NRG Energy by 468.4% during the first 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 lifted its position 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 purchasing an additional 1,771,829 shares in the last quarter. Nuveen LLC purchased a new stake in shares of NRG Energy in the first quarter worth approximately $93,075,000. GAMMA Investing LLC lifted its position in shares of NRG Energy by 10,483.2% in the first quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock worth $63,132,000 after purchasing an additional 655,098 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of NRG Energy in the fourth quarter worth approximately $54,881,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NRG. BMO Capital Markets increased their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Citigroup raised their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group raised their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $162.70.

NRG Energy Trading Down 3.6%

Shares of NRG stock opened at $148.31 on Friday. NRG Energy, Inc. has a 12 month low of $76.13 and a 12 month high of $175.96. 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 business's 50 day moving average is $155.29 and its two-hundred day moving average is $127.57. The company has a market cap of $28.69 billion, a PE ratio of 67.11, a price-to-earnings-growth ratio of 1.25 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 the consensus estimate 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 for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the business earned $3.37 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director owned 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by company 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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