NRG Energy, Inc. (NYSE:NRG) Shares Bought by Herold Advisors Inc.

Herold Advisors Inc. raised its stake in NRG Energy, Inc. (NYSE:NRGGet Rating) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,411 shares of the utilities provider’s stock after acquiring an additional 2,246 shares during the quarter. Herold Advisors Inc.’s holdings in NRG Energy were worth $1,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NRG. CWM LLC raised its holdings in shares of NRG Energy by 70.5% in the first quarter. CWM LLC now owns 757 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 313 shares during the last quarter. West Oak Capital LLC raised its holdings in shares of NRG Energy by 300.0% in the second quarter. West Oak Capital LLC now owns 1,600 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 1,200 shares during the last quarter. MBM Wealth Consultants LLC raised its holdings in shares of NRG Energy by 43.3% in the fourth quarter. MBM Wealth Consultants LLC now owns 1,479 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 447 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of NRG Energy by 3,223.5% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Cowa LLC acquired a new position in shares of NRG Energy in the first quarter worth $74,000. 95.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NRG shares. Morgan Stanley lifted their price objective on NRG Energy from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. The Goldman Sachs Group lowered their price objective on NRG Energy from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Finally, Bank of America downgraded NRG Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $43.00 to $42.00 in a research report on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.80.

NRG Energy Trading Down 1.8 %

NRG stock traded down $0.75 during trading on Friday, reaching $40.63. 1,972,896 shares of the stock traded hands, compared to its average volume of 3,044,652. The business’s 50 day moving average price is $40.38 and its 200-day moving average price is $40.07. NRG Energy, Inc. has a 52-week low of $34.70 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.25. The firm has a market capitalization of $9.55 billion, a PE ratio of 2.92, a P/E/G ratio of 0.56 and a beta of 0.84.

NRG Energy (NYSE:NRGGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The utilities provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $1.36. NRG Energy had a return on equity of 33.75% and a net margin of 11.93%. The firm had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 6.14 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Friday, July 29th. NRG Energy’s dividend payout ratio (DPR) is presently 9.87%.

NRG Energy Company Profile

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NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

Further Reading

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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