Ieq Capital LLC Grows Holdings in NRG Energy, Inc. $NRG

Ieq Capital LLC lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 189.4% during the first quarter, Holdings Channel reports. The institutional investor owned 14,519 shares of the utilities provider’s stock after acquiring an additional 9,502 shares during the quarter. Ieq Capital LLC’s holdings in NRG Energy were worth $1,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in shares of NRG Energy in the 1st quarter worth about $28,000. Key Financial Inc purchased a new stake in NRG Energy during the 1st quarter valued at about $30,000. Evermay Wealth Management LLC purchased a new stake in NRG Energy during the 1st quarter valued at about $36,000. Park Square Financial Group LLC purchased a new stake in NRG Energy during the 4th quarter valued at about $53,000. Finally, UMB Bank n.a. grew its position in NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 200 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG opened at $145.52 on Tuesday. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a market capitalization of $28.15 billion, a P/E ratio of 65.84, a P/E/G ratio of 1.19 and a beta of 1.17. The company’s 50-day simple moving average is $154.21 and its two-hundred day simple moving average is $131.23. NRG Energy, Inc. has a 52-week low of $76.13 and a 52-week high of $175.96.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. NRG Energy’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.37 EPS. As a group, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy’s dividend payout ratio is 79.64%.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. BMO Capital Markets increased their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Melius initiated coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

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.