1,974 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, Holdings Channel.com reports. The firm bought 1,974 shares of the utilities provider’s stock, valued at approximately $188,000.

Other institutional investors have also recently made changes to their positions in the company. Schechter Investment Advisors LLC boosted its stake in NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after buying an additional 120 shares during the last quarter. Avestar Capital LLC boosted its stake in NRG Energy by 4.7% during the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider’s stock valued at $275,000 after buying an additional 138 shares during the last quarter. Independent Advisor Alliance boosted its stake in NRG Energy by 5.9% during the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider’s stock valued at $236,000 after buying an additional 146 shares during the last quarter. Huntington National Bank boosted its stake in NRG Energy by 28.3% during the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider’s stock valued at $60,000 after buying an additional 146 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in shares of NRG Energy by 5.0% in the 4th quarter. Keybank National Association OH now owns 3,302 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director now directly owns 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Wells Fargo & Company raised their price objective on NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Raymond James initiated coverage on NRG Energy in a research note on Friday. They issued a “strong-buy” rating and a $195.00 price objective for the company. Finally, Jefferies Financial Group raised their price target on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $146.78.

NRG Energy Trading Up 0.5%

Shares of NYSE NRG opened at $151.81 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business has a fifty day simple moving average of $130.04 and a two-hundred day simple moving average of $109.69. The firm has a market cap of $29.68 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $162.33.

NRG Energy (NYSE:NRG) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. NRG Energy’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 EPS. Analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is presently 28.39%.

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.