Fairvoy Private Wealth LLC Acquires 157 Shares of NRG Energy, Inc. $NRG

Fairvoy Private Wealth LLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,396 shares of the utilities provider’s stock after purchasing an additional 157 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in NRG Energy were worth $2,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in NRG Energy during the 2nd quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in NRG Energy in the 1st quarter worth approximately $28,000. Key Financial Inc bought a new stake in NRG Energy in the 1st quarter worth approximately $30,000. Evermay Wealth Management LLC bought a new stake in NRG Energy in the 1st quarter worth approximately $36,000. Finally, ORG Partners LLC increased its stake in NRG Energy by 422.2% in the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 228 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG stock opened at $166.56 on Friday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 75.37, a P/E/G ratio of 1.36 and a beta of 1.14. The stock has a fifty day simple moving average of $157.14 and a two-hundred day simple moving average of $140.82. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share 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 analysts’ expectations of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.37 earnings per share. On average, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NRG. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. 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. BMO Capital Markets boosted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research report on Saturday, September 27th. Finally, Scotiabank assumed coverage on NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.85.

Insider Buying and Selling at NRG Energy

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 completion of the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

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.