Altus Wealth Group LLC Invests $239,000 in NRG Energy, Inc. $NRG

Altus Wealth Group LLC bought a new position in NRG Energy, Inc. (NYSE:NRGFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,490 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock valued at $454,173,000 after acquiring an additional 6,049,247 shares in the last quarter. Amundi boosted its holdings in shares of NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after buying an additional 3,876,235 shares in the last quarter. Boston Partners boosted its holdings in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after buying an additional 1,771,829 shares in the last quarter. Appaloosa LP boosted its holdings in shares of NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after buying an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of NRG Energy by 33.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock valued at $141,388,000 after buying an additional 372,618 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $169.22 on Monday. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. The business has a 50-day simple moving average of $158.08 and a two-hundred day simple moving average of $146.19. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 76.57 and a beta of 1.14.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NRG. Melius Research began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Citigroup lifted their price target on NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.85.

Check Out Our Latest Stock Analysis on NRG Energy

NRG Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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