Liberty Wealth Management LLC Acquires Shares of 10,122 NRG Energy, Inc. (NYSE:NRG)

Liberty Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) 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) 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.