Measured Wealth Private Client Group LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

Measured Wealth Private Client Group LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,174 shares of the utilities provider’s stock, valued at approximately $471,000.

A number of other hedge funds also recently made changes to their positions in the business. Banco Santander S.A. acquired a new stake in shares of NRG Energy in the second quarter valued at approximately $217,671,000. Capitolis Liquid Global Markets LLC lifted its holdings in NRG Energy by 253.2% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock worth $119,541,000 after purchasing an additional 1,266,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in NRG Energy by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock worth $109,007,000 after purchasing an additional 160,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in NRG Energy during the 1st quarter worth approximately $64,306,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research reports. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets lifted their price target on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Tuesday. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Trading Up 0.4 %

Shares of NRG opened at $88.45 on Thursday. NRG Energy, Inc. has a 52-week low of $41.57 and a 52-week high of $96.40. The business’s fifty day moving average is $86.00 and its 200-day moving average is $80.79. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 9.64 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that NRG Energy, Inc. will post 6.09 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.84%. NRG Energy’s dividend payout ratio is currently 17.76%.

About NRG Energy

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.