Measured Wealth Private Client Group LLC Sells 872 Shares of NRG Energy, Inc. $NRG

Measured Wealth Private Client Group LLC cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,649 shares of the utilities provider’s stock after selling 872 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NRG Energy were worth $1,228,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Daymark Wealth Partners LLC grew its stake in shares of NRG Energy by 2.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after buying an additional 64 shares during the period. Donald L. Hagan LLC grew its stake in NRG Energy by 2.0% in the second 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 during the period. Parkside Financial Bank & Trust increased its holdings in shares of NRG Energy by 6.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 84 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 86 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its position in NRG Energy by 32.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $168.61 on Friday. The business’s fifty day simple moving average is $167.13 and its 200 day simple moving average is $159.03. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54. The firm has a market capitalization of $32.31 billion, a P/E ratio of 76.29 and a beta of 1.16.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.53 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. As a group, analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 3rd. NRG Energy’s payout ratio is presently 26.31%.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a report on Monday, October 20th. BMO Capital Markets raised their price target on shares of NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Melius assumed 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. Zacks Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Melius Research initiated coverage on NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $198.31.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Virginia Kinney sold 20,000 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $163.82, for a total value of $3,276,400.00. Following the transaction, the vice president directly owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.86% of the company’s stock.

About NRG Energy

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.