USA Financial Formulas Takes $905,000 Position in NRG Energy, Inc. $NRG

Key Points

• USA Financial Formulas has acquired a new stake in NRG Energy, investing approximately $905,000 for 5,633 shares during the second quarter.
• NRG Energy reported a $1.68 earnings per share for the last quarter, slightly missing the consensus estimate of $1.72, while its revenue reached $6.74 billion, surpassing expectations.
• The company has announced a quarterly dividend of $0.44 per share, translating to an annualized yield of 1.1% and a payout ratio of 79.64%.

USA Financial Formulas bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,633 shares of the utilities provider's stock, valued at approximately $905,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in NRG Energy by 7.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,468 shares of the utilities provider's stock valued at $236,000 after acquiring an additional 166 shares during the period. Rhumbline Advisers lifted its position in NRG Energy by 6.0% during the 1st quarter. Rhumbline Advisers now owns 396,279 shares of the utilities provider's stock valued at $37,829,000 after acquiring an additional 22,593 shares during the period. Czech National Bank lifted its position in NRG Energy by 5.9% during the 1st quarter. Czech National Bank now owns 46,526 shares of the utilities provider's stock valued at $4,441,000 after acquiring an additional 2,605 shares during the period. Finally, NBC Securities Inc. lifted its position in NRG Energy by 115,340.0% during the 1st quarter. NBC Securities Inc. now owns 5,772 shares of the utilities provider's stock valued at $550,000 after acquiring an additional 5,767 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 0.1%

Shares of NRG Energy stock opened at $162.13 on Thursday. 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 stock has a market capitalization of $31.36 billion, a PE ratio of 73.36, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The company has a 50-day simple moving average of $156.76 and a two-hundred day simple moving average of $139.84.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share 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 analysts' expectations of $6.63 billion. During the same period in the previous year, the firm earned $3.37 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts anticipate 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. Stockholders 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 payout ratio is presently 79.64%.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business's 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 completion of the transaction, the vice president directly 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 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 insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NRG. Melius Research 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 target 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 target for the company. Raymond James Financial assumed 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 target for the company. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays lifted their target price on shares of 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 issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

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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