Madison Wealth Partners Inc Takes $222,000 Position in NRG Energy, Inc. $NRG

Madison Wealth Partners Inc acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,385 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NRG. Toth Financial Advisory Corp purchased a new stake in shares of NRG Energy in the second quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in NRG Energy during the first quarter valued at about $28,000. Key Financial Inc purchased a new stake in NRG Energy during the first quarter valued at about $30,000. Evermay Wealth Management LLC purchased a new stake in NRG Energy during the first quarter valued at about $36,000. Finally, Kiker Wealth Management LLC purchased a new stake in NRG Energy during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.4%

NYSE:NRG opened at $169.22 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. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The business’s 50-day simple moving average is $158.08 and its 200 day simple moving average is $146.19. The stock 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:NRG) last released its quarterly 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). 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 analyst estimates of $6.63 billion. During the same quarter last year, the firm posted $3.37 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

Insider Activity at NRG Energy

In related 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 transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. BMO Capital Markets boosted their price target on NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Barclays boosted their price objective on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Melius Research initiated coverage on NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $188.85.

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.