Mount Yale Investment Advisors LLC Invests $281,000 in NRG Energy, Inc. (NYSE:NRG)

Mount Yale Investment Advisors LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the second quarter, HoldingsChannel reports. The firm purchased 3,605 shares of the utilities provider’s stock, valued at approximately $281,000.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of NRG Energy in the second quarter valued at about $32,000. First Horizon Advisors Inc. raised its holdings in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares during the period. LifeSteps Financial Inc. bought a new position in NRG Energy in the 1st quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in NRG Energy during the second quarter worth approximately $36,000. Finally, Mather Group LLC. bought a new position in shares of NRG Energy during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NRG shares. Morgan Stanley lifted their price target on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Jefferies Financial Group started coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. Wells Fargo & Company raised their price target on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.75.

NRG Energy Trading Down 0.1 %

Shares of NRG Energy stock opened at $87.92 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a 12-month low of $36.61 and a 12-month high of $90.57. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 12.45 and a beta of 1.10. The firm’s 50-day moving average price is $79.08 and its two-hundred day moving average price is $76.92.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.85%. NRG Energy’s payout ratio is 23.09%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

NRG Energy 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.