Valeo Financial Advisors LLC Takes $541,000 Position in NRG Energy, Inc. $NRG

Valeo Financial Advisors LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,370 shares of the utilities provider’s stock, valued at approximately $541,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Daymark Wealth Partners LLC raised its stake in shares of NRG Energy by 2.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after purchasing an additional 64 shares during the period. Donald L. Hagan LLC grew its holdings in shares of NRG Energy by 2.0% during the second quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock worth $543,000 after buying an additional 66 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in NRG Energy by 6.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 84 shares in the last quarter. Zions Bancorporation National Association UT boosted its position in NRG Energy by 32.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 93 shares during the last quarter. Finally, VestGen Advisors LLC grew its stake in shares of NRG Energy by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 3,183 shares of the utilities provider’s stock worth $511,000 after acquiring an additional 141 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on NRG. BMO Capital Markets raised their target price on shares of NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Melius Research initiated coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Zacks Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank started coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.21.

NRG Energy Stock Down 6.6%

NRG stock opened at $149.63 on Thursday. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $180.54. The business’s 50 day simple moving average is $166.74 and its 200 day simple moving average is $159.82. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45. The firm has a market capitalization of $28.68 billion, a PE ratio of 22.37 and a beta of 1.26.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 earnings per share. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy’s dividend payout ratio is 26.31%.

NRG Energy declared that its Board of Directors has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the sale, the vice president directly owned 43,191 shares in the company, valued at $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate 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.