J.W. Cole Advisors Inc. Takes Position in NRG Energy, Inc. (NYSE:NRG)

J.W. Cole Advisors Inc. acquired a new stake in NRG Energy, Inc. (NYSE:NRGFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,198 shares of the utilities provider’s stock, valued at approximately $352,000.

Several other large investors have also made changes to their positions in NRG. First Trust Direct Indexing L.P. grew its stake in shares of NRG Energy by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after buying an additional 161 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in NRG Energy by 0.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after purchasing an additional 174 shares in the last quarter. Czech National Bank increased its holdings in NRG Energy by 0.5% during the 1st quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after purchasing an additional 181 shares during the period. Savant Capital LLC increased its holdings in NRG Energy by 1.7% during the 4th quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after purchasing an additional 212 shares during the period. Finally, Blue Trust Inc. increased its holdings in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NRG. Wells Fargo & Company raised their price objective on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Evercore ISI increased their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Morgan Stanley increased their target price on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets increased their target price on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, NRG Energy presently has an average rating of “Hold” and an average target price of $68.00.

Read Our Latest Stock Report on NRG

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

NRG Energy Stock Down 2.8 %

Shares of NRG Energy stock traded down $2.26 during trading on Friday, reaching $77.16. The company’s stock had a trading volume of 2,091,753 shares, compared to its average volume of 3,193,657. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 10.93 and a beta of 1.07. NRG Energy, Inc. has a 1-year low of $35.97 and a 1-year high of $87.58. The company has a 50-day simple moving average of $79.88 and a two-hundred day simple moving average of $66.24.

NRG Energy (NYSE:NRGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). The business had revenue of $7.43 billion during the quarter. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. As a group, equities analysts forecast that NRG Energy, Inc. will post 4.5 earnings per share for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.11%. NRG Energy’s dividend payout ratio is currently 23.09%.

NRG Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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