Opinicus Capital Inc. Acquires New Shares in NRG Energy, Inc. (NYSE:NRG)

Opinicus Capital Inc. bought a new stake in NRG Energy, Inc. (NYSE:NRG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,223 shares of the utilities provider’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 1,528 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in NRG Energy by 11.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,707 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 281 shares during the period. Apollon Wealth Management LLC acquired a new stake in NRG Energy in the fourth quarter valued at $263,000. Kestra Private Wealth Services LLC raised its position in NRG Energy by 3.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 12,323 shares of the utilities provider’s stock worth $1,112,000 after purchasing an additional 365 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in NRG Energy by 7.8% during the 4th quarter. Savant Capital LLC now owns 13,273 shares of the utilities provider’s stock worth $1,197,000 after buying an additional 963 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director now owns 55,427 shares of the company’s stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 1.2%

Shares of NYSE:NRG opened at $150.89 on Friday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $162.33. The business’s 50 day simple moving average is $128.72 and its two-hundred day simple moving average is $109.27. The firm has a market cap of $29.50 billion, a P/E ratio of 37.91, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period in the prior year, the firm posted $2.31 EPS. NRG Energy’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy’s payout ratio is 28.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRG. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Raymond James assumed coverage on shares of NRG Energy in a research report on Friday. They set a “strong-buy” rating and a $195.00 price objective for the company. BMO Capital Markets reissued a “market perform” rating and set a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group upped their price target on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.78.

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.