NRG Energy, Inc. (NYSE:NRG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in NRG Energy, Inc. (NYSE:NRG) by 666.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,213 shares of the utilities provider’s stock after purchasing an additional 198,452 shares during the period. SG Americas Securities LLC’s holdings in NRG Energy were worth $20,790,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Trust Direct Indexing L.P. boosted its position in NRG Energy by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 161 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of NRG Energy by 0.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after acquiring an additional 174 shares during the last quarter. Czech National Bank raised its holdings in shares of NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after acquiring an additional 181 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of NRG Energy by 1.2% in the second quarter. Fifth Third Bancorp now owns 16,962 shares of the utilities provider’s stock worth $1,321,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other 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 directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. 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 Price Performance

NYSE NRG traded up $1.30 on Friday, reaching $95.35. 2,490,450 shares of the stock traded hands, compared to its average volume of 3,374,269. The firm’s fifty day simple moving average is $81.47 and its 200 day simple moving average is $78.13. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 13.51 and a beta of 1.10. NRG Energy, Inc. has a 12 month low of $37.45 and a 12 month high of $96.20.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. As a group, research analysts predict that NRG Energy, Inc. will post 5.51 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given 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 1.71%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NRG. BMO Capital Markets boosted their price target on NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Wells Fargo & Company upped their target price on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Jefferies Financial Group began coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.75.

NRG Energy Company 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.