Brookstone Capital Management Purchases New Position in NRG Energy, Inc. $NRG

Brookstone Capital Management purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,606 shares of the utilities provider’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Madison Wealth Partners Inc acquired a new position in NRG Energy in the 2nd quarter valued at about $222,000. Altus Wealth Group LLC acquired a new position in NRG Energy in the 2nd quarter valued at about $239,000. Cidel Asset Management Inc. acquired a new position in NRG Energy in the 2nd quarter valued at about $256,000. International Assets Investment Management LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth approximately $203,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NRG Energy during the 2nd quarter worth approximately $10,197,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup increased their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Barclays increased their target price on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $197.54.

NRG Energy Stock Performance

NYSE NRG opened at $172.73 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The firm has a market capitalization of $33.41 billion, a price-to-earnings ratio of 78.16 and a beta of 1.14. The firm’s 50 day simple moving average is $160.18 and its 200 day simple moving average is $149.97. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (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 return on equity of 88.22% and a net margin of 1.78%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.37 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared 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 is Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio (DPR) is currently 79.64%.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the 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 represents a 18.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by insiders.

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.