Venture Visionary Partners LLC Invests $1.86 Million in NRG Energy, Inc. $NRG

Key Points

• Venture Visionary Partners LLC has acquired a new stake in NRG Energy, purchasing 19,531 shares worth approximately $1.86 million in the first quarter.
• NRG Energy's stock recently reported a 1.4% decline and had a market capitalization of $28.69 billion, with a P/E ratio of 67.10.
• The company announced a quarterly dividend of $0.44 per share, reflecting an annualized dividend yield of 1.2% and a payout ratio of 79.64%.

Venture Visionary Partners LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 19,531 shares of the utilities provider's stock, valued at approximately $1,864,000.

A number of other hedge funds have also modified their holdings of NRG. Zions Bancorporation National Association UT acquired a new position in shares of NRG Energy in the 1st quarter worth $28,000. Key Financial Inc acquired a new position in shares of NRG Energy in the 1st quarter worth $30,000. Evermay Wealth Management LLC acquired a new position in shares of NRG Energy in the 1st quarter worth $36,000. Park Square Financial Group LLC acquired a new position in shares of NRG Energy in the 4th quarter worth $53,000. Finally, UMB Bank n.a. grew its holdings in shares of NRG Energy by 44.0% in the 1st 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 currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Down 0.7%

Shares of NYSE:NRG traded down $0.9520 on Friday, reaching $144.9380. The company had a trading volume of 1,900,374 shares, compared to its average volume of 3,087,516. NRG Energy, Inc. has a twelve month low of $76.13 and a twelve month high of $175.96. The stock has a 50-day moving average price of $154.93 and a 200 day moving average price of $129.12. The stock has a market capitalization of $28.04 billion, a P/E ratio of 65.58, a P/E/G ratio of 1.19 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share 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 company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the firm earned $3.37 EPS. NRG Energy's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's payout ratio is currently 79.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NRG shares. Melius Research started coverage on NRG Energy in a report on Wednesday. They set a "buy" rating and a $308.00 price target on the stock. Raymond James Financial started coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target on the stock. Citigroup lifted their price target on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Barclays boosted their target price on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Melius assumed coverage on NRG Energy in a research note on Wednesday. They issued a "buy" rating and a $308.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $186.92.

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.