Wealth Enhancement Advisory Services LLC purchased a new position in NRG Energy Inc (NYSE:NRG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,494 shares of the utilities provider’s stock, valued at approximately $818,000.
Other large investors have also modified their holdings of the company. Tiedemann Wealth Management LLC increased its holdings in NRG Energy by 49.3% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 18,199 shares of the utilities provider’s stock worth $101,000 after buying an additional 6,011 shares during the period. Invictus RG acquired a new position in NRG Energy in the 3rd quarter worth approximately $110,000. Fieldpoint Private Securities LLC acquired a new position in NRG Energy in the 2nd quarter worth approximately $112,000. Parkwood LLC acquired a new position in NRG Energy in the 3rd quarter worth approximately $205,000. Finally, Thrivent Financial For Lutherans increased its holdings in NRG Energy by 4.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after buying an additional 510 shares during the period. Institutional investors own 97.25% of the company’s stock.
NRG has been the topic of several research reports. Bank of America initiated coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price target on the stock. ValuEngine downgraded shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $25.00 price target on shares of NRG Energy in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.67.
In other news, Director Barry T. Smitherman acquired 2,541 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $28.38 per share, with a total value of $72,113.58. Following the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at $1,390,620. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by company insiders.
Shares of NRG Energy Inc (NRG) opened at $26.90 on Friday. The company has a market cap of $8,489.17, a P/E ratio of 19.86 and a beta of 1.28. NRG Energy Inc has a one year low of $14.52 and a one year high of $29.78. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.51). The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. NRG Energy’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. research analysts forecast that NRG Energy Inc will post 0.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. NRG Energy’s payout ratio is -2.35%.
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NRG Energy Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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