Impact Partnership Wealth LLC Has $679,000 Stock Position in NRG Energy, Inc. $NRG

Impact Partnership Wealth LLC lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 16.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,229 shares of the utilities provider’s stock after selling 820 shares during the quarter. Impact Partnership Wealth LLC’s holdings in NRG Energy were worth $679,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NRG. Daymark Wealth Partners LLC raised its holdings in shares of NRG Energy by 2.2% during the second quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock worth $473,000 after acquiring an additional 64 shares during the period. Donald L. Hagan LLC grew its holdings in shares of NRG Energy by 2.0% in the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 66 shares in the last quarter. Horizon Investments LLC increased its position in shares of NRG Energy by 3.0% in the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 86 shares during the last quarter. Mather Group LLC. raised its holdings in NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in NRG Energy by 13.0% in the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 104 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NRG. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Zacks Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Citigroup lifted their target price on NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NRG Energy presently has an average rating of “Buy” and an average target price of $197.54.

NRG Energy Stock Performance

NRG opened at $178.08 on Thursday. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $180.54. The firm has a market cap of $34.45 billion, a P/E ratio of 80.58 and a beta of 1.14. The business’s fifty day moving average is $160.78 and its 200-day moving average is $150.55.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data 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). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the business earned $3.37 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

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

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’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 sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently 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.