Daymark Wealth Partners LLC Has $473,000 Stock Position in NRG Energy, Inc. $NRG

Daymark Wealth Partners LLC lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,944 shares of the utilities provider’s stock after buying an additional 64 shares during the quarter. Daymark Wealth Partners LLC’s holdings in NRG Energy were worth $473,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. increased 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 buying an additional 6,049,247 shares during the period. Amundi increased its position in shares of NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after buying an additional 3,876,235 shares during the period. Boston Partners increased its position in shares of NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock worth $269,230,000 after buying an additional 1,771,829 shares during the period. Appaloosa LP increased its position in shares of NRG Energy by 12.9% during the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock worth $195,693,000 after buying an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in NRG Energy by 33.6% in the first 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 during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research upgraded NRG Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Scotiabank started coverage on shares of NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective for the company. Melius started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Morgan Stanley lowered their price objective on shares of NRG Energy from $145.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Melius Research began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Buy” and a consensus target price of $197.54.

NRG Energy Trading Down 3.1%

NYSE NRG opened at $172.98 on Friday. The company has a market cap of $33.46 billion, a price-to-earnings ratio of 78.27 and a beta of 1.14. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54. The business has a 50 day moving average price of $161.32 and a 200-day moving average price of $150.71. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.37 EPS. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

Insider Activity

In related 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 transaction of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares of the company’s stock, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

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.