2,940 Shares in NRG Energy, Inc. $NRG Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,940 shares of the utilities provider’s stock, valued at approximately $472,000.

A number of other hedge funds also recently modified their holdings of the stock. Toth Financial Advisory Corp bought a new position in NRG Energy in the second quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new position in NRG Energy in the first quarter valued at about $28,000. Bank of Jackson Hole Trust bought a new position in NRG Energy in the second quarter valued at about $28,000. Key Financial Inc bought a new position in NRG Energy in the first quarter valued at about $30,000. Finally, Evermay Wealth Management LLC bought a new position in NRG Energy in the first quarter valued at about $36,000. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their target price on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research note on Wednesday, October 8th. Wall Street Zen lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Melius Research assumed coverage on NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $197.54.

NRG Energy Price Performance

NRG Energy stock opened at $172.98 on Friday. The stock’s 50 day moving average is $161.32 and its 200 day moving average is $150.71. 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 $33.46 billion, a P/E ratio of 78.27 and a beta of 1.14. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $180.54.

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 business had revenue of $6.74 billion during 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%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.37 earnings per share. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, November 3rd. NRG Energy’s payout ratio is presently 79.64%.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

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.