NRG Energy, Inc. $NRG Shares Purchased by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD grew its position in shares of NRG Energy, Inc. (NYSE:NRG) by 250.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,430 shares of the utilities provider’s stock after acquiring an additional 9,596 shares during the quarter. Fairfield Financial Advisors LTD’s holdings in NRG Energy were worth $2,175,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NRG. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in NRG Energy by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,260 shares of the utilities provider’s stock valued at $3,929,000 after buying an additional 256 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of NRG Energy by 31.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the utilities provider’s stock valued at $3,589,000 after acquiring an additional 5,296 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in shares of NRG Energy during the 3rd quarter valued at $25,268,000. SG Americas Securities LLC boosted its position in NRG Energy by 119.9% during the 3rd quarter. SG Americas Securities LLC now owns 32,195 shares of the utilities provider’s stock worth $5,214,000 after purchasing an additional 17,554 shares during the period. Finally, Spire Wealth Management increased its holdings in NRG Energy by 16.3% in the 3rd quarter. Spire Wealth Management now owns 3,004 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 4.2%

Shares of NYSE:NRG opened at $149.61 on Friday. The firm has a market cap of $28.67 billion, a PE ratio of 22.36 and a beta of 1.25. The company has a fifty day simple moving average of $162.87 and a 200 day simple moving average of $160.20. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $180.54.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. On average, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, November 3rd. NRG Energy’s payout ratio is currently 26.31%.

NRG Energy declared that its board has approved a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the utilities provider to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

NRG has been the topic of a number of recent research reports. Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective for the company. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and issued a $198.00 target price on shares of NRG Energy in a research note on Monday, October 20th. Finally, BMO Capital Markets lifted their price target on shares of NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $199.21.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the transaction, the vice president directly owned 43,191 shares in the company, valued at $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of NRG Energy stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 192,556 shares of company stock worth $30,826,846. 0.86% of the stock is currently owned by corporate insiders.

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.