AlphaQuest LLC Has $799,000 Stake in NRG Energy, Inc. $NRG

AlphaQuest LLC boosted its holdings in NRG Energy, Inc. (NYSE:NRG) by 50.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,978 shares of the utilities provider’s stock after purchasing an additional 1,672 shares during the quarter. AlphaQuest LLC’s holdings in NRG Energy were worth $799,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NRG Energy by 10.9% during the 1st quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider’s stock valued at $661,000 after purchasing an additional 679 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of NRG Energy by 55.1% during the 1st quarter. Spire Wealth Management now owns 4,391 shares of the utilities provider’s stock worth $419,000 after acquiring an additional 1,560 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in NRG Energy by 7.9% in the first quarter. Perigon Wealth Management LLC now owns 9,049 shares of the utilities provider’s stock worth $864,000 after purchasing an additional 666 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in NRG Energy by 6.4% in the first quarter. Diversified Trust Co now owns 2,845 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NRG shares. Citigroup upped their price objective 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. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research note on Saturday. Zacks Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $198.00 target price on shares of NRG Energy in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Buy” and an average price target of $197.46.

NRG Energy Price Performance

NRG Energy stock opened at $170.12 on Monday. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The stock has a market cap of $32.91 billion, a P/E ratio of 76.98 and a beta of 1.14. The company has a 50-day moving average price of $159.24 and a 200 day moving average price of $148.88. 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 (NYSE:NRG) last announced its quarterly earnings data 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). The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.37 EPS. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

Insider Buying and Selling

In related 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 sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.