NRG Energy, Inc. $NRG Shares Acquired by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 37.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 41,200 shares of the utilities provider’s stock after acquiring an additional 11,200 shares during the quarter. NRG Energy comprises approximately 3.3% of Anthracite Investment Company Inc.’s holdings, making the stock its 9th largest position. Anthracite Investment Company Inc.’s holdings in NRG Energy were worth $6,616,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in NRG Energy during the 2nd quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in NRG Energy during the 1st quarter worth $28,000. Key Financial Inc acquired a new position in NRG Energy during the 1st quarter worth $30,000. Evermay Wealth Management LLC bought a new stake in shares of NRG Energy in the 1st quarter worth $36,000. Finally, Kiker Wealth Management LLC bought a new stake in shares of NRG Energy in the 2nd quarter worth $37,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NRG shares. 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. Citigroup boosted their price objective on NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Morgan Stanley set a $145.00 price objective on NRG Energy and gave the stock an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has a consensus rating of “Buy” and a consensus target price of $197.46.

Insiders Place Their Bets

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 3.9%

Shares of NRG Energy stock opened at $170.12 on Friday. The stock’s fifty day moving average is $159.24 and its 200-day moving average is $148.53. The firm has a market capitalization of $32.91 billion, a PE ratio of 76.98 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.37 earnings per share. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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

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.