Vanguard Personalized Indexing Management LLC Boosts Position in NRG Energy, Inc. $NRG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in NRG Energy by 26.8% during Q2, owning a total of 31,595 shares valued at approximately $5.07 million.
• NRG Energy's stock price rose by 5.0%, with shares currently opening at $168.40 and a market cap of $32.57 billion.
• The company recently reported $1.68 earnings per share, slightly missing the consensus estimate of $1.72, but achieved a revenue of $6.74 billion, exceeding expectations.

Vanguard Personalized Indexing Management LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 26.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,595 shares of the utilities provider's stock after buying an additional 6,670 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in NRG Energy were worth $5,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Aberdeen Group plc grew its holdings in NRG Energy by 2.0% during the 2nd quarter. Aberdeen Group plc now owns 170,840 shares of the utilities provider's stock valued at $27,433,000 after buying an additional 3,311 shares in the last quarter. Zullo Investment Group Inc. purchased a new position in shares of NRG Energy during the second quarter worth about $266,000. PDS Planning Inc purchased a new position in shares of NRG Energy during the second quarter worth about $246,000. Monument Capital Management purchased a new position in shares of NRG Energy during the second quarter worth about $3,152,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of NRG Energy during the second quarter worth about $322,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 5.0%

Shares of NRG opened at $168.40 on Tuesday. The firm has a market cap of $32.57 billion, a P/E ratio of 76.20, a P/E/G ratio of 1.29 and a beta of 1.14. The stock has a 50 day simple moving average of $157.09 and a two-hundred day simple moving average of $144.19. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued 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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same period in the prior year, the company earned $3.37 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share 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 given a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy's payout ratio is presently 79.64%.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NRG. BMO Capital Markets boosted their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Scotiabank began coverage on NRG Energy in a report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price objective for the company. Citigroup boosted their price objective on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.