Mutual Advisors LLC Has $1.76 Million Stake in NRG Energy, Inc. $NRG

Mutual Advisors LLC raised its position in NRG Energy, Inc. (NYSE:NRG) by 356.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,741 shares of the utilities provider’s stock after acquiring an additional 8,387 shares during the period. Mutual Advisors LLC’s holdings in NRG Energy were worth $1,759,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NRG. 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. New Wave Wealth Advisors LLC raised its stake in shares of NRG Energy by 3.0% in the third quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 65 shares during the last quarter. Golden State Equity Partners lifted its holdings in shares of NRG Energy by 4.7% in the third quarter. Golden State Equity Partners now owns 1,589 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 72 shares in the last quarter. Optivise Advisory Services LLC boosted its position in shares of NRG Energy by 5.1% during the third quarter. Optivise Advisory Services LLC now owns 1,670 shares of the utilities provider’s stock valued at $270,000 after buying an additional 81 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in NRG Energy by 6.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock worth $231,000 after buying an additional 84 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Up 2.0%

Shares of NYSE NRG opened at $152.02 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45. The business has a 50-day moving average of $157.76 and a 200-day moving average of $160.02. The firm has a market capitalization of $29.13 billion, a price-to-earnings ratio of 22.72 and a beta of 1.27. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54.

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

NRG Energy announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the utilities provider to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. NRG Energy’s payout ratio is currently 28.40%.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 12,383 shares of NRG Energy stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the sale, the chief financial officer directly owned 79,147 shares in the company, valued at $12,391,254.32. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian Curci sold 60,580 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $161.71, for a total transaction of $9,796,391.80. Following the sale, the vice president owned 93,089 shares in the company, valued at approximately $15,053,422.19. This trade represents a 39.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 192,556 shares of company stock worth $30,826,846 over the last 90 days. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NRG has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. BMO Capital Markets boosted their price objective on NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. UBS Group started coverage on 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, Wells Fargo & Company lifted their target price on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $184.91.

NRG Energy Company 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.