Three Seasons Wealth LLC Makes New $566,000 Investment in NRG Energy, Inc. $NRG

Three Seasons Wealth LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,492 shares of the utilities provider’s stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its position in 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 acquiring an additional 64 shares in the last quarter. Donald L. Hagan LLC raised its stake in shares of NRG Energy by 2.0% in the second quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 66 shares during the last quarter. Optivise Advisory Services LLC lifted its holdings in shares of NRG Energy by 5.1% in the third quarter. Optivise Advisory Services LLC now owns 1,670 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 81 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of NRG Energy by 6.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock valued at $231,000 after buying an additional 84 shares during the last quarter. Finally, Zions Bancorporation National Association UT grew its holdings in NRG Energy by 32.1% during the second quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NRG. Weiss Ratings restated a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 22nd. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Zacks Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. UBS Group initiated coverage on shares of NRG Energy in a research note on Tuesday, December 9th. They issued a “buy” rating and a $211.00 price objective for the company. Finally, Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.21.

Insiders Place Their Bets

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total value of $3,276,400.00. Following the sale, the vice president directly owned 43,191 shares in the company, valued at approximately $7,075,549.62. The trade was a 31.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

NRG Energy Stock Up 0.2%

NRG opened at $160.89 on Monday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54. The company’s 50-day moving average price is $165.34 and its two-hundred day moving average price is $159.98. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 24.05 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45.

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

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio is presently 26.31%.

NRG Energy announced that its Board of Directors has approved a share buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the utilities provider to purchase up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

NRG Energy 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.