Marks Group Wealth Management Inc Buys Shares of 1,807 NRG Energy, Inc. $NRG

Marks Group Wealth Management Inc bought a new position in NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,807 shares of the utilities provider’s stock, valued at approximately $290,000.

Other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC acquired a new position in shares of NRG Energy during the second quarter worth $408,000. Brown Miller Wealth Management LLC purchased a new position in NRG Energy during the 2nd quarter worth $305,000. Clarius Group LLC acquired a new position in NRG Energy during the 2nd quarter valued at about $230,000. 111 Capital purchased a new stake in NRG Energy in the second quarter valued at about $437,000. Finally, Fairvoy Private Wealth LLC boosted its holdings in NRG Energy by 0.9% in the second quarter. Fairvoy Private Wealth LLC now owns 17,396 shares of the utilities provider’s stock worth $2,793,000 after acquiring an additional 157 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Transactions at NRG Energy

In other NRG Energy 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 value of $1,654,160.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NRG shares. Scotiabank started coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective for the company. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Melius Research initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Citigroup upped their target price on NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Barclays lifted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.85.

NRG Energy Price Performance

NYSE:NRG opened at $163.98 on Tuesday. 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 company has a 50 day moving average price of $157.25 and a 200-day moving average price of $141.85. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $175.96. The firm has a market cap of $31.72 billion, a price-to-earnings ratio of 74.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

NRG Energy (NYSE:NRG) last released its quarterly earnings results 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 analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.37 EPS. Equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy’s dividend payout ratio is presently 79.64%.

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.