NRG Energy, Inc. $NRG Shares Purchased by Aspect Partners LLC

Aspect Partners LLC raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 355.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 524 shares of the utilities provider’s stock after acquiring an additional 409 shares during the quarter. Aspect Partners LLC’s holdings in NRG Energy were worth $84,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daymark Wealth Partners LLC grew its position in NRG Energy by 2.2% during the second quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock worth $473,000 after buying an additional 64 shares during the period. Donald L. Hagan LLC boosted its stake in shares of NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock worth $543,000 after acquiring an additional 66 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 86 shares during the period. Cullen Frost Bankers Inc. raised its holdings in NRG Energy by 13.0% during 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 during the last quarter. Finally, Allworth Financial LP boosted its position in NRG Energy by 19.2% during 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 owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock opened at $168.89 on Friday. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 76.42 and a beta of 1.16. 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 $180.54. The stock’s fifty day simple moving average is $163.80 and its 200-day simple moving average is $153.28.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.85. The firm had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.53 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 earnings per share. Equities research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy declared that its board has authorized a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the utilities provider to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is 79.64%.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target for the company. Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Melius Research began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Barclays raised their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $197.54.

NRG Energy Company 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.