Decker Retirement Planning Inc. Invests $3.51 Million in NRG Energy, Inc. $NRG

Decker Retirement Planning Inc. bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,830 shares of the utilities provider’s stock, valued at approximately $3,505,000. NRG Energy makes up approximately 2.0% of Decker Retirement Planning Inc.’s holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in NRG Energy during the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of NRG Energy during the 1st quarter valued at approximately $28,000. Bank of Jackson Hole Trust purchased a new stake in NRG Energy during the 2nd quarter valued at $28,000. Key Financial Inc bought a new stake in NRG Energy in the first quarter worth $30,000. Finally, Fourth Dimension Wealth LLC bought a new position in NRG Energy during the second quarter valued at $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NRG shares. Wells Fargo & Company upgraded shares of NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Zacks Research raised NRG Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Wall Street Zen lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Melius initiated coverage on NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $198.31.

NRG Energy Stock Up 1.2%

Shares of NYSE:NRG opened at $172.15 on Friday. The business’s 50 day moving average is $164.34 and its 200 day moving average is $153.83. The stock has a market cap of $33.30 billion, a P/E ratio of 77.90 and a beta of 1.16. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $180.54. 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 (NYSE:NRG) last issued its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.85. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 3rd. NRG Energy’s dividend payout ratio is presently 79.64%.

NRG Energy declared that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the utilities provider to purchase up to 9.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.86% 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.