Aberdeen Group plc Purchases 3,311 Shares of NRG Energy, Inc. $NRG

Aberdeen Group plc boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 170,840 shares of the utilities provider’s stock after acquiring an additional 3,311 shares during the quarter. Aberdeen Group plc’s holdings in NRG Energy were worth $27,433,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in NRG Energy in the 2nd quarter worth $27,000. ORG Partners LLC raised its holdings in NRG Energy by 422.2% in the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 228 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in NRG Energy in the 1st quarter worth $28,000. Key Financial Inc bought a new position in NRG Energy in the 1st quarter worth $30,000. Finally, SJS Investment Consulting Inc. raised its holdings in NRG Energy by 616.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 302 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

In other 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 transaction, the vice president owned 48,571 shares in the company, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays increased their price target 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. Scotiabank assumed coverage on shares of NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target for the company. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius started coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. Finally, Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.85.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $168.40 on Tuesday. The firm’s 50-day moving average price is $157.09 and its 200-day moving average price is $144.19. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a market cap of $32.57 billion, a PE ratio of 76.20, a PEG ratio of 1.29 and a beta of 1.14. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.37 EPS. As a group, analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy’s dividend payout ratio is 79.64%.

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.