Scientech Research LLC Purchases New Stake in NRG Energy, Inc. $NRG

Scientech Research LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,566 shares of the utilities provider's stock, valued at approximately $913,000.

A number of other hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in NRG Energy by 468.4% in 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 purchasing an additional 6,049,247 shares during the period. Amundi increased its position in NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after purchasing an additional 3,876,235 shares during the period. Boston Partners raised its holdings in NRG Energy by 169.5% during the 1st 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 during the last quarter. Appaloosa LP lifted its position in shares of NRG Energy by 12.9% in the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock worth $195,693,000 after purchasing an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of NRG Energy by 33.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock worth $141,388,000 after buying an additional 372,618 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NRG shares. Barclays increased their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Melius began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Raymond James Financial began 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 for the company. Finally, BMO Capital Markets raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $186.92.

Insider Activity at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred 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 of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Up 4.5%

NYSE NRG traded up $7.14 during mid-day trading on Friday, hitting $165.06. The company's stock had a trading volume of 2,278,123 shares, compared to its average volume of 1,979,868. The company's 50 day simple moving average is $153.23 and its 200 day simple moving average is $133.81. NRG Energy, Inc. has a twelve month low of $77.49 and a twelve month high of $175.96. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The firm has a market capitalization of $31.93 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 1.29 and a beta of 1.17.

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 the consensus estimate 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.37 EPS. Analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

NRG Energy 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.