Janney Montgomery Scott LLC Purchases 1,809 Shares of NRG Energy, Inc. $NRG

Janney Montgomery Scott LLC boosted its position in NRG Energy, Inc. (NYSE:NRG) by 10.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,624 shares of the utilities provider’s stock after purchasing an additional 1,809 shares during the quarter. Janney Montgomery Scott LLC’s holdings in NRG Energy were worth $2,991,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Horizon Investments LLC raised its holdings in NRG Energy by 3.0% in the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 86 shares in the last quarter. Mather Group LLC. raised its holdings in NRG Energy by 12.1% in the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in NRG Energy by 13.0% in the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 104 shares in the last quarter. Private Trust Co. NA raised its holdings in NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 119 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in NRG Energy by 19.2% in the first quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 122 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE NRG opened at $167.52 on Thursday. 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, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The business’s 50 day moving average price is $157.33 and its 200 day moving average price is $142.17. The firm has a market cap of $32.40 billion, a P/E ratio of 75.80, a P/E/G ratio of 1.32 and a beta of 1.14.

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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter in the prior year, the company posted $3.37 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed 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 was Friday, August 1st. NRG Energy’s dividend payout ratio is currently 79.64%.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company’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 owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their target price 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. Melius Research started 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. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a report on Wednesday. Finally, Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $188.85.

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.