Inspire Advisors LLC Raises Holdings in NRG Energy, Inc. $NRG

Inspire Advisors LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 286.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,946 shares of the utilities provider’s stock after buying an additional 8,857 shares during the period. Inspire Advisors LLC’s holdings in NRG Energy were worth $1,918,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of NRG Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 5,411,045 shares of the utilities provider’s stock valued at $865,437,000 after purchasing an additional 39,253 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in NRG Energy by 468.4% during the first 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 last quarter. Amundi increased its holdings in shares of NRG Energy by 772.5% in the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners raised its position in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after buying an additional 1,771,829 shares in the last quarter. Finally, Appaloosa LP lifted its holdings in shares of NRG Energy by 12.9% in the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after acquiring an additional 235,000 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

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 that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $163.41 on Tuesday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 73.94 and a beta of 1.16. The business’s fifty day simple moving average is $166.58 and its two-hundred day simple moving average is $156.94. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy announced that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the utilities provider to purchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is 26.31%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRG shares. Scotiabank started coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Zacks Research downgraded NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. 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. Morgan Stanley reduced their target price on shares of NRG Energy from $145.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.31.

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.