NRG Energy, Inc. (NYSE:NRG) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 27,231.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,770 shares of the utilities provider’s stock after buying an additional 146,233 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of NRG Energy worth $13,371,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NRG. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NRG Energy by 4.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,040 shares of the utilities provider’s stock valued at $2,101,000 after buying an additional 1,383 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in NRG Energy by 885.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after purchasing an additional 213,347 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings 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 during the last quarter. Accel Wealth Management acquired a new position in NRG Energy during the first quarter worth $250,000. Finally, HB Wealth Management LLC raised its holdings in NRG Energy by 28.0% during the first quarter. HB Wealth Management LLC now owns 5,913 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 1,294 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NRG. Guggenheim lifted their price objective 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 raised their price target on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price target for the company. BMO Capital Markets raised their price target on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

NRG Energy Price Performance

NRG stock opened at $88.45 on Thursday. The stock has a 50-day moving average price of $86.00 and a two-hundred day moving average price of $80.79. NRG Energy, Inc. has a 12-month low of $41.57 and a 12-month high of $96.40. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The company has a market cap of $18.25 billion, a PE ratio of 9.64 and a beta of 1.10.

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, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that NRG Energy, Inc. will post 6.09 EPS for the current year.

NRG Energy Announces Dividend

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