LVM Capital Management Ltd. MI Acquires New Position in NRG Energy, Inc. $NRG

LVM Capital Management Ltd. MI bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,268 shares of the utilities provider’s stock, valued at approximately $529,000.

Other hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in NRG Energy during the second quarter worth $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of NRG Energy during the 2nd quarter worth $28,000. Fourth Dimension Wealth LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of NRG Energy in the 2nd quarter valued at about $35,000. Finally, Kiker Wealth Management LLC acquired a new stake in shares of NRG Energy in the second quarter valued at about $37,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on NRG. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a report on Monday, October 20th. BMO Capital Markets raised their price objective on NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. UBS Group started coverage on NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price on the stock. Finally, Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.21.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. The trade was a 31.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 1.0%

Shares of NYSE:NRG opened at $156.12 on Friday. 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 company has a market capitalization of $29.92 billion, a P/E ratio of 23.34 and a beta of 1.26. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $180.54. The stock’s fifty day simple moving average is $166.38 and its 200-day simple moving average is $159.77.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share 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 the consensus estimate of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 EPS. As a group, equities research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio is presently 26.31%.

NRG Energy declared that its board has approved a stock buyback plan on Thursday, November 6th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the utilities provider to purchase 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 (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.