RHS Financial LLC Makes New Investment in NRG Energy, Inc. $NRG

RHS Financial LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,749 shares of the utilities provider’s stock, valued at approximately $281,000.

Several other institutional investors have also added to or reduced their stakes in NRG. Vanguard Personalized Indexing Management LLC increased its position in shares of NRG Energy by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,595 shares of the utilities provider’s stock worth $5,074,000 after acquiring an additional 6,670 shares during the period. Aberdeen Group plc increased its position in shares of NRG Energy by 2.0% during the second quarter. Aberdeen Group plc now owns 170,840 shares of the utilities provider’s stock worth $27,433,000 after acquiring an additional 3,311 shares during the period. Zullo Investment Group Inc. purchased a new position in shares of NRG Energy during the second quarter worth approximately $266,000. PDS Planning Inc purchased a new position in shares of NRG Energy during the second quarter worth approximately $246,000. Finally, Monument Capital Management purchased a new position in shares of NRG Energy during the second quarter worth approximately $3,152,000. Institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

NYSE NRG opened at $160.66 on Monday. The firm’s fifty day simple moving average is $157.20 and its two-hundred day simple moving average is $143.68. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The firm has a market capitalization of $31.08 billion, a P/E ratio of 72.70, a P/E/G ratio of 1.29 and a beta of 1.14.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same period in the prior year, the firm posted $3.37 earnings per share. NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy’s payout ratio is currently 79.64%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NRG shares. Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Melius Research assumed coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Scotiabank assumed coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Melius assumed coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $188.85.

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.