NRG Energy, Inc. (NYSE:NRG) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 28.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,913 shares of the utilities provider’s stock after purchasing an additional 1,294 shares during the period. HB Wealth Management LLC’s holdings in NRG Energy were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. LifeSteps Financial Inc. acquired a new stake in NRG Energy during the 1st quarter worth about $31,000. Mather Group LLC. purchased a new stake in shares of NRG Energy in the first quarter worth approximately $33,000. CENTRAL TRUST Co lifted its position in shares of NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. lifted its position in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of NRG Energy in the fourth quarter worth approximately $51,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NRG has been the topic of a number of research reports. Morgan Stanley increased their price target on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Wells Fargo & Company increased their price target on NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Evercore ISI increased their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Finally, BMO Capital Markets increased their price target on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.00.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG traded down $2.04 during midday trading on Friday, reaching $77.38. 611,401 shares of the company traded hands, compared to its average volume of 3,666,499. The firm has a market cap of $16.13 billion, a PE ratio of 11.25 and a beta of 1.07. The stock’s 50-day simple moving average is $79.79 and its 200-day simple moving average is $66.04. NRG Energy, Inc. has a 12 month low of $35.97 and a 12 month high of $87.58. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The company had revenue of $7.43 billion for the quarter. As a group, equities analysts anticipate that NRG Energy, Inc. will post 4.5 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.4075 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.11%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

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.