Liberty Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 10,122 shares of the utilities provider’s stock, valued at approximately $788,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. Rothschild Investment LLC purchased a new position in shares of NRG Energy during the 2nd quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its holdings in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of NRG Energy in the 1st quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in NRG Energy during the second quarter valued at approximately $36,000. Finally, Mather Group LLC. acquired a new position in shares of NRG Energy in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on NRG shares. Wells Fargo & Company raised their price objective on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Morgan Stanley boosted their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.57.
NRG Energy Stock Performance
Shares of NYSE NRG opened at $77.90 on Tuesday. NRG Energy, Inc. has a 12-month low of $36.61 and a 12-month high of $87.58. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The company has a market cap of $16.24 billion, a PE ratio of 11.03 and a beta of 1.10. The stock has a 50 day simple moving average of $78.17 and a 200-day simple moving average of $74.93.
NRG Energy (NYSE:NRG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. On average, equities research analysts forecast that NRG Energy, Inc. will post 4.45 EPS for the current year.
NRG Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.
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.
Featured Articles
- Five stocks we like better than NRG Energy
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Why Block’s Key Components Make It a Solid Investment Choice
- Investing In Preferred Stock vs. Common Stock
- Is Applied Digital’s Stock Set to Surge With NVIDIA’s Backing?
- Market Cap Calculator: How to Calculate Market Cap
- 4 Reasons to Consider Adding General Mills to Your Portfolio
Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG – Free Report).
Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.