Prevail Innovative Wealth Advisors LLC Acquires New Stake in NRG Energy, Inc. $NRG

Prevail Innovative Wealth Advisors LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,133 shares of the utilities provider’s stock, valued at approximately $4,232,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Quent Capital LLC bought a new stake in NRG Energy during the 3rd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp grew its holdings in NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of NRG Energy during the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT raised its position in shares of NRG Energy by 32.1% during the second quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock valued at $62,000 after buying an additional 93 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of NRG Energy in the third quarter worth $67,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NRG shares. Weiss Ratings cut shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Raymond James Financial reiterated a “strong-buy” rating and issued a $225.00 price target on shares of NRG Energy in a research note on Monday, February 23rd. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Evercore initiated coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on NRG Energy in a report on Friday. They issued a “buy” rating and a $197.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.33.

NRG Energy Price Performance

Shares of NRG stock opened at $154.61 on Friday. The stock’s 50-day moving average is $159.84 and its 200 day moving average is $161.53. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $189.96. The company has a market cap of $33.12 billion, a P/E ratio of 39.24 and a beta of 1.26.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. Research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. NRG Energy’s dividend payout ratio is currently 48.22%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the transaction, the vice president owned 63,920 shares of the company’s stock, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian Curci sold 60,580 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $161.71, for a total value of $9,796,391.80. Following the completion of the transaction, the vice president owned 93,089 shares of the company’s stock, valued at $15,053,422.19. This trade represents a 39.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 172,556 shares of company stock worth $27,550,446. 0.86% of the stock is owned by corporate insiders.

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.