NRG Energy, Inc. $NRG Shares Bought by ORG Partners LLC

ORG Partners LLC raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 422.2% in the second quarter, Holdings Channel reports. The fund owned 282 shares of the utilities provider’s stock after buying an additional 228 shares during the period. ORG Partners LLC’s holdings in NRG Energy were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Horizon Investments LLC raised its holdings in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 86 shares during the last quarter. Mather Group LLC. raised its holdings in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 97 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 104 shares during the last quarter. Private Trust Co. NA raised its holdings in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 119 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of NRG Energy by 19.2% during the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock worth $72,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 1.9%

NRG Energy stock opened at $165.32 on Tuesday. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. 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 firm has a 50 day moving average price of $156.57 and a 200 day moving average price of $139.53. The company has a market capitalization of $31.98 billion, a PE ratio of 74.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17.

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

NRG Energy Announces Dividend

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

Insider Buying and Selling

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 shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares of the company’s stock, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NRG. Scotiabank began coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Barclays raised their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. BMO Capital Markets raised their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Citigroup raised their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $188.85.

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.