International Assets Investment Management LLC Takes Position in NRG Energy, Inc. $NRG

International Assets Investment Management LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,262 shares of the utilities provider’s stock, valued at approximately $203,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NRG Energy by 10.9% in the 1st quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider’s stock worth $661,000 after purchasing an additional 679 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock worth $1,605,000 after buying an additional 3,721 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of NRG Energy by 74.7% in the first quarter. Oppenheimer & Co. Inc. now owns 15,254 shares of the utilities provider’s stock worth $1,456,000 after buying an additional 6,521 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in NRG Energy by 5.4% during the first quarter. Asset Management One Co. Ltd. now owns 81,893 shares of the utilities provider’s stock valued at $7,818,000 after buying an additional 4,169 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 1.9%

Shares of NRG opened at $163.40 on Friday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The company has a 50 day simple moving average of $158.80 and a two-hundred day simple moving average of $147.51. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The firm has a market cap of $31.61 billion, a P/E ratio of 73.94 and a beta of 1.14.

NRG Energy (NYSE:NRG) last issued its 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). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate 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 was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.37 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NRG. Melius Research started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley set a $145.00 target price on NRG Energy and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Buy” and a consensus target price of $197.46.

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.