NRG Energy, Inc. $NRG Holdings Increased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 146.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,456 shares of the utilities provider’s stock after buying an additional 25,211 shares during the quarter. NewEdge Advisors LLC’s holdings in NRG Energy were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of NRG Energy during the 1st quarter worth about $28,000. Key Financial Inc bought a new stake in shares of NRG Energy during the 1st quarter worth about $30,000. Evermay Wealth Management LLC bought a new stake in shares of NRG Energy during the 1st quarter worth about $36,000. Park Square Financial Group LLC bought a new stake in shares of NRG Energy during the 4th quarter worth about $53,000. Finally, UMB Bank n.a. grew its stake in shares of NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 200 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

NRG Energy stock opened at $152.29 on Wednesday. The firm’s 50 day simple moving average is $153.00 and its 200-day simple moving average is $132.66. The company has a market cap of $29.46 billion, a P/E ratio of 68.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.17. 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, Inc. has a fifty-two week low of $77.31 and a fifty-two week high of $175.96.

NRG Energy (NYSE:NRG) last posted 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). The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business’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. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. NRG Energy’s payout ratio is 79.64%.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Citigroup lifted their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Guggenheim lifted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. Barclays lifted their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

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.