Valeo Financial Advisors LLC Invests $541,000 in NRG Energy, Inc. $NRG

Valeo Financial Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,370 shares of the utilities provider’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after purchasing an additional 6,049,247 shares during 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 worth $406,342,000 after purchasing an additional 3,876,235 shares during 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 worth $269,230,000 after purchasing an additional 1,771,829 shares during the last quarter. Appaloosa LP lifted its holdings in NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after acquiring an additional 235,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in NRG Energy by 33.6% in the first 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 acquiring an additional 372,618 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on NRG. Weiss Ratings reiterated a “hold (c)” rating on shares of NRG Energy in a report on Wednesday. Scotiabank initiated coverage on NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price on the stock. Melius initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Melius Research initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Finally, Citigroup boosted their target price on NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $188.85.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction dated 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 owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NYSE NRG opened at $167.52 on Thursday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The company has a market capitalization of $32.40 billion, a PE ratio of 75.80, a P/E/G ratio of 1.32 and a beta of 1.14. The company has a fifty day moving average of $157.33 and a two-hundred day moving average of $142.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share 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 business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the company posted $3.37 EPS. NRG Energy’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

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.