NRG Energy, Inc. (NYSE:NRG) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its position in NRG Energy, Inc. (NYSE:NRG) by 4.8% in the 3rd quarter, Holdings Channel reports. The fund owned 5,880 shares of the utilities provider’s stock after purchasing an additional 268 shares during the period. J.W. Cole Advisors Inc.’s holdings in NRG Energy were worth $536,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Castle Rock Wealth Management LLC boosted its stake in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after buying an additional 126 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after buying an additional 134 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of NRG Energy by 2.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after buying an additional 161 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of NRG Energy by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 16,962 shares of the utilities provider’s stock valued at $1,321,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NRG shares. BMO Capital Markets increased their target price on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Tuesday. Jefferies Financial Group began coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Wells Fargo & Company raised their price objective on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.00.

NRG Energy Price Performance

Shares of NYSE NRG opened at $88.45 on Thursday. NRG Energy, Inc. has a 1-year low of $41.57 and a 1-year high of $96.40. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The business’s fifty day moving average price is $86.00 and its two-hundred day moving average price is $80.79. The firm has a market capitalization of $18.25 billion, a PE ratio of 9.64 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that NRG Energy, Inc. will post 6.09 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio is presently 17.76%.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

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.