Prevail Innovative Wealth Advisors LLC Makes New Investment in NRG Energy, Inc. $NRG

Prevail Innovative Wealth Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 26,133 shares of the utilities provider’s stock, valued at approximately $4,232,000.

Several other large investors have also recently made changes to their positions in NRG. Quent Capital LLC purchased a new stake in NRG Energy during the third quarter worth $25,000. Atlantic Union Bankshares Corp increased its holdings in NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NRG Energy in the second quarter worth about $35,000. Zions Bancorporation National Association UT raised its position in shares of NRG Energy by 32.1% in the second 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 period. Finally, First Horizon Corp purchased a new stake in shares of NRG Energy during the 3rd quarter worth about $67,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock opened at $154.61 on Friday. The business’s 50-day moving average is $159.84 and its two-hundred day moving average is $161.53. The firm has a market capitalization of $33.12 billion, a P/E ratio of 39.24 and a beta of 1.26. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $189.96. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 EPS. Analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.475 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s payout ratio is presently 48.22%.

Analyst Ratings Changes

A number of research firms have recently commented on NRG. Weiss Ratings cut NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Jefferies Financial Group reduced their target price on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday. They set a “buy” rating and a $197.00 price objective on the stock. Finally, Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.33.

Insider Activity at NRG Energy

In other news, VP Robert J. Gaudette sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the sale, the vice president directly owned 63,920 shares of the company’s stock, valued at approximately $10,147,939.20. This represents a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the transaction, the chief financial officer owned 79,147 shares in the company, valued at approximately $12,391,254.32. This trade represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 172,556 shares of company stock valued at $27,550,446 over the last ninety days. Insiders own 0.86% of the company’s stock.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.