Optivise Advisory Services LLC Purchases Shares of 1,589 NRG Energy, Inc. $NRG

Optivise Advisory Services LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,589 shares of the utilities provider’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NRG. Goldman Sachs Group Inc. raised its stake in shares of NRG Energy by 468.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock valued at $454,173,000 after purchasing an additional 6,049,247 shares during the period. Amundi increased its position in shares of NRG Energy by 772.5% in 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 increased its position in shares of NRG Energy by 169.5% in 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. Nuveen LLC acquired a new stake in shares of NRG Energy in the first quarter valued at about $93,075,000. Finally, Alliancebernstein L.P. increased its position in shares of NRG Energy by 289.1% in the first quarter. Alliancebernstein L.P. now owns 1,023,168 shares of the utilities provider’s stock valued at $97,672,000 after acquiring an additional 760,201 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction that occurred 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 owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NRG Energy in a research report on Wednesday, October 8th. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price on the stock. Melius Research assumed coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Citigroup lifted 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. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $197.54.

NRG Energy Trading Up 1.6%

NRG Energy stock opened at $174.54 on Tuesday. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a market capitalization of $33.76 billion, a P/E ratio of 78.98 and a beta of 1.14. The stock has a 50-day simple moving average of $162.46 and a 200 day simple moving average of $152.53.

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

NRG Energy Announces Dividend

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 issued a dividend of $0.44 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. NRG Energy’s dividend payout ratio (DPR) 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.