SG Americas Securities LLC Acquires New Position in NRG Energy, Inc. (NYSE:NRG)

SG Americas Securities LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,086 shares of the utilities provider's stock, valued at approximately $1,345,000.

Several other large investors have also modified their holdings of NRG. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the 4th quarter valued at about $32,000. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy in the 4th quarter valued at about $41,000. Larson Financial Group LLC raised its holdings in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of NRG Energy in the 4th quarter valued at about $53,000. Institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NRG. Raymond James began coverage on shares of NRG Energy in a research report on Friday. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and a consensus price target of $146.78.

NRG Energy Stock Up 1.2%

NYSE:NRG opened at $153.86 on Tuesday. The company has a market cap of $30.08 billion, a PE ratio of 38.66, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.33. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company's 50 day moving average is $131.40 and its two-hundred day moving average is $110.14.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. NRG Energy's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 EPS. Analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director now directly owns 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

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.

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