Simplicity Wealth LLC Acquires New Shares in NRG Energy, Inc. $NRG

Key Points

• Simplicity Wealth LLC has acquired a new stake of 2,540 shares in NRG Energy, Inc. during the 2nd quarter, valued at approximately $408,000.
• Several institutional investors have also adjusted their holdings in NRG Energy, with 97.72% of the stock owned by institutional investors.
• NRG Energy recently disclosed a quarterly dividend of $0.44 per share, with a total annualized dividend amounting to $1.76 and a dividend yield of 1.1%.

Simplicity Wealth LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,540 shares of the utilities provider's stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Toth Financial Advisory Corp purchased a new stake in NRG Energy during the 2nd quarter valued at $27,000. ORG Partners LLC raised its stake in NRG Energy by 422.2% during the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after buying an additional 228 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in NRG Energy during the 1st quarter valued at $28,000. Key Financial Inc purchased a new stake in NRG Energy during the 1st quarter valued at $30,000. Finally, SJS Investment Consulting Inc. raised its stake in NRG Energy by 616.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider's stock valued at $56,000 after buying an additional 302 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Activity at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated 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 completion of the transaction, the vice president owned 48,571 shares of the company's stock, valued at $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NRG shares. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price for the company. Melius assumed coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Melius Research assumed coverage on NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Finally, Barclays raised 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 assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

NRG Energy Trading Up 3.0%

Shares of NRG stock opened at $167.52 on Thursday. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm has a market capitalization of $32.40 billion, a PE ratio of 75.80, a PEG ratio of 1.32 and a beta of 1.14. The stock has a fifty day simple moving average of $157.33 and a two-hundred day simple moving average of $142.17.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter in the previous year, the company posted $3.37 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio is 79.64%.

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.

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