2,354 Shares in NRG Energy, Inc. $NRG Purchased by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,354 shares of the utilities provider’s stock, valued at approximately $369,000.

Several other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after purchasing an additional 6,049,247 shares in the last quarter. Amundi grew its holdings in NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after buying an additional 3,876,235 shares in the last quarter. Boston Partners grew its holdings in NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after buying an additional 1,771,829 shares in the last quarter. Appaloosa LP grew its holdings in NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after buying an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in NRG Energy by 33.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock valued at $141,388,000 after buying an additional 372,618 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm’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 transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $167.01 on Tuesday. The stock has a market cap of $32.31 billion, a price-to-earnings ratio of 75.57 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a 50 day moving average price of $158.38 and a 200-day moving average price of $146.78. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.37 EPS. Equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 79.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NRG shares. Jefferies Financial Group restated a “buy” rating and set a $198.00 price target on shares of NRG Energy in a report on Monday. Citigroup raised 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 raised their price target on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Melius started coverage on NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target for the company. Finally, Scotiabank initiated coverage on NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.92.

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.