PDS Planning Inc Makes New $246,000 Investment in NRG Energy, Inc. $NRG

PDS Planning Inc bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,530 shares of the utilities provider’s stock, valued at approximately $246,000.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in shares of NRG Energy during the second quarter worth $27,000. ORG Partners LLC increased its holdings in shares of NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock worth $44,000 after buying an additional 228 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of NRG Energy during the first quarter worth $28,000. Key Financial Inc acquired a new position in shares of NRG Energy during the first quarter worth $30,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of NRG Energy by 616.3% during the second quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider’s stock worth $56,000 after buying an additional 302 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Down 4.5%

NYSE:NRG opened at $160.66 on Monday. 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 $31.08 billion, a price-to-earnings ratio of 72.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96. The firm has a 50-day moving average price of $157.20 and a two-hundred day moving average price of $143.68.

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

NRG Energy Announces Dividend

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

Insiders Place Their Bets

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 directly owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NRG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Scotiabank started coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Melius initiated coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Finally, Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $188.85.

NRG Energy 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.