Whipplewood Advisors LLC Purchases 3,013 Shares of NRG Energy, Inc. (NYSE:NRG)

Whipplewood Advisors LLC raised its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,115.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,283 shares of the utilities provider's stock after acquiring an additional 3,013 shares during the quarter. Whipplewood Advisors LLC's holdings in NRG Energy were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its position in NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the period. Mather Group LLC. lifted its holdings in NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after buying an additional 125 shares during the period. Avestar Capital LLC boosted its stake in NRG Energy by 4.7% in the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after acquiring an additional 138 shares during the last quarter. Independent Advisor Alliance grew its holdings in NRG Energy by 5.9% during the 4th quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock worth $236,000 after acquiring an additional 146 shares during the period. Finally, Huntington National Bank lifted its stake in shares of NRG Energy by 28.3% in the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price target on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

NRG Energy Stock Performance

NRG Energy stock traded down $1.02 during midday trading on Thursday, hitting $155.95. The company's stock had a trading volume of 2,491,145 shares, compared to its average volume of 3,005,009. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $162.33. The company has a 50-day moving average price of $121.62 and a two-hundred day moving average price of $106.87. The company has a market cap of $30.49 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.13%. NRG Energy's dividend payout ratio is 28.39%.

Insider Buying and Selling at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director now directly owns 55,427 shares of the company's stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

NRG Energy 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.