Kingswood Wealth Advisors LLC Sells 525 Shares of NRG Energy, Inc. $NRG

Kingswood Wealth Advisors LLC reduced its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,179 shares of the utilities provider’s stock after selling 525 shares during the period. Kingswood Wealth Advisors LLC’s holdings in NRG Energy were worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after buying an additional 6,049,247 shares during the period. Amundi raised its stake in shares of NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after acquiring an additional 3,876,235 shares during the last quarter. Boston Partners raised its stake in shares of NRG Energy by 169.5% during the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after acquiring an additional 1,771,829 shares during the last quarter. Appaloosa LP lifted its holdings in shares of NRG Energy by 12.9% during the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock worth $195,693,000 after purchasing an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NRG Energy by 33.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock worth $141,388,000 after purchasing an additional 372,618 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of several analyst reports. Melius initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price for the company. Barclays raised their price objective on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets increased their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Raymond James Financial began coverage on shares of NRG Energy in a report on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price target for the company. Finally, Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $188.85.

NRG Energy Trading Down 1.4%

NYSE NRG opened at $163.98 on Tuesday. 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 52 week low of $79.57 and a 52 week high of $175.96. The business has a 50 day moving average price of $157.25 and a 200-day moving average price of $141.85. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 74.20, a P/E/G ratio of 1.35 and a beta of 1.14.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the previous year, the business posted $3.37 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

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

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm’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 in the company, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

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.