Valeo Financial Advisors LLC Buys New Stake in NRG Energy, Inc. $NRG

Valeo Financial Advisors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,370 shares of the utilities provider’s stock, valued at approximately $541,000.

A number of other hedge funds also recently bought and sold shares of NRG. Toth Financial Advisory Corp acquired a new position in shares of NRG Energy during the 2nd quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in NRG Energy in the 2nd quarter worth approximately $28,000. Fourth Dimension Wealth LLC acquired a new position in shares of NRG Energy during the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of NRG Energy in the second quarter valued at approximately $35,000. Finally, Kiker Wealth Management LLC acquired a new stake in shares of NRG Energy in the second quarter worth $37,000. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upgraded shares of NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets lifted their target price on NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Melius Research assumed coverage on NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Morgan Stanley reiterated an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. 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 on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and a consensus target price of $199.21.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the transaction, the vice president owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This represents a 31.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $149.63 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. The firm has a market cap of $28.68 billion, a PE ratio of 22.37 and a beta of 1.26. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54. The company’s 50-day moving average price is $166.74 and its two-hundred day moving average price is $159.82.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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. NRG Energy had a return on equity of 103.57% and a net margin of 4.84%.The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a $0.44 dividend. 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 1.2%. NRG Energy’s dividend payout ratio (DPR) is currently 26.31%.

NRG Energy announced that its board has approved a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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.