Daymark Wealth Partners LLC Has $473,000 Stock Holdings in NRG Energy, Inc. $NRG

Daymark Wealth Partners LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,944 shares of the utilities provider’s stock after purchasing an additional 64 shares during the quarter. Daymark Wealth Partners LLC’s holdings in NRG Energy were worth $473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in NRG Energy during the second quarter worth about $28,000. Jennison Associates LLC lifted its position in NRG Energy by 87.2% during the second quarter. Jennison Associates LLC now owns 529,556 shares of the utilities provider’s stock worth $85,036,000 after purchasing an additional 246,741 shares during the period. Fairfield Financial Advisors LTD lifted its position in NRG Energy by 38.9% during the second quarter. Fairfield Financial Advisors LTD now owns 3,834 shares of the utilities provider’s stock worth $616,000 after purchasing an additional 1,073 shares during the period. Trust Investment Advisors bought a new stake in NRG Energy during the second quarter worth about $203,000. Finally, Reliant Investment Partners LLC lifted its position in NRG Energy by 12.7% during the second quarter. Reliant Investment Partners LLC now owns 2,471 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 279 shares during the period. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NRG. Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research note on Wednesday, October 8th. Wells Fargo & Company raised NRG Energy to a “strong-buy” rating in a research note on Tuesday. Melius began coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has an average rating of “Buy” and an average price target of $197.54.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly 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 link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $172.98 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a market capitalization of $33.46 billion, a PE ratio of 78.27 and a beta of 1.14. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54. The stock has a 50-day moving average price of $161.32 and a two-hundred day moving average price of $150.71.

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

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.44 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy’s dividend payout ratio (DPR) is currently 79.64%.

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.