Signal Advisors Wealth LLC Makes New $248,000 Investment in NRG Energy, Inc. $NRG

Key Points

• Signal Advisors Wealth LLC acquired a new position in NRG Energy, purchasing 1,547 shares valued at approximately $248,000 in Q2 of 2023.
• NRG Energy reported earnings of $1.68 EPS for the last quarter, missing analyst expectations, but showed a revenue increase to $6.74 billion.
• The company announced a quarterly dividend of $0.44 with a yield of 1.1%, contributing to a payout ratio of 79.64%.

Signal Advisors Wealth LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,547 shares of the utilities provider's stock, valued at approximately $248,000.

A number of other hedge funds have also recently made changes to their positions in NRG. Zions Bancorporation National Association UT acquired a new stake in shares of NRG Energy during the first quarter valued at about $28,000. Key Financial Inc bought a new position in shares of NRG Energy during the first quarter worth about $30,000. Evermay Wealth Management LLC bought a new position in shares of NRG Energy during the first quarter worth about $36,000. Park Square Financial Group LLC bought a new position in shares of NRG Energy during the fourth quarter worth about $53,000. Finally, UMB Bank n.a. raised its position in shares of NRG Energy by 44.0% during the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after acquiring an additional 200 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Melius started coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price for the company. Raymond James Financial started coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price for the company. Scotiabank started coverage on NRG Energy in a report on Monday. They issued a "sector outperform" rating and a $212.00 target price for the company. Finally, Barclays lifted their target price on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Stock Up 4.1%

NRG Energy stock traded up $6.75 during mid-day trading on Monday, reaching $171.11. The stock had a trading volume of 2,579,903 shares, compared to its average volume of 3,099,115. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. The stock's 50-day simple moving average is $154.44 and its 200-day simple moving average is $136.30. The firm has a market capitalization of $33.10 billion, a PE ratio of 77.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17.

NRG Energy (NYSE:NRG - Get Free Report) last announced its 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 company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.37 EPS. On average, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy's payout ratio is presently 79.64%.

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The stock was 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. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

About NRG Energy

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.