NRG Energy, Inc. $NRG Shares Bought by Moran Wealth Management LLC

by · The Cerbat Gem

Moran Wealth Management LLC lifted its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,653 shares of the utilities provider’s stock after acquiring an additional 268 shares during the period. Moran Wealth Management LLC’s holdings in NRG Energy were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in NRG. Goldman Sachs Group Inc. grew its position in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after acquiring an additional 6,049,247 shares in the last quarter. Amundi increased its position in NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after buying an additional 3,876,235 shares during the period. Boston Partners lifted its stake in NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after buying an additional 1,771,829 shares during the last quarter. Nuveen LLC acquired a new position in shares of NRG Energy during the first quarter valued at $93,075,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of NRG Energy by 289.1% during the first quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider’s stock valued at $97,672,000 after acquiring an additional 760,201 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 0.9%

Shares of NRG stock opened at $169.72 on Friday. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The stock has a fifty day moving average of $157.75 and a two-hundred day moving average of $145.04. The firm has a market capitalization of $32.83 billion, a PE ratio of 76.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.

NRG Energy (NYSE:NRG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.37 EPS. As a group, research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Barclays boosted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target for the company. Finally, BMO Capital Markets boosted their price target on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and an average target price of $188.85.

Get Our Latest Stock Report on NRG Energy

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by company insiders.

NRG Energy Profile

(Free Report)

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.

See Also

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