U.S. Capital Wealth Advisors LLC Sells 32,732 Shares of NRG Energy, Inc. $NRG

U.S. Capital Wealth Advisors LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 91.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the utilities provider’s stock after selling 32,732 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in NRG Energy were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kieckhefer Group LLC purchased a new stake in shares of NRG Energy during the second quarter valued at approximately $1,546,000. Toth Financial Advisory Corp purchased a new stake in shares of NRG Energy during the 2nd quarter valued at $27,000. Quantum Financial Advisors LLC bought a new stake in shares of NRG Energy during the 2nd quarter worth $236,000. Meriwether Wealth & Planning LLC purchased a new position in shares of NRG Energy in the 2nd quarter worth about $225,000. Finally, Farther Finance Advisors LLC grew its position in NRG Energy by 284.2% during the second quarter. Farther Finance Advisors LLC now owns 15,184 shares of the utilities provider’s stock valued at $2,438,000 after buying an additional 11,232 shares during the period. 97.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on NRG shares. Melius Research initiated coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective on the stock. Citigroup lifted their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Barclays increased their price objective on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. BMO Capital Markets boosted their target price on NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.85.

NRG Energy Trading Down 1.6%

NYSE:NRG opened at $163.01 on Friday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The stock’s fifty day moving average price is $155.98 and its two-hundred day moving average price is $137.83. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market cap of $31.53 billion, a P/E ratio of 73.76, a P/E/G ratio of 1.36 and a beta of 1.17.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the firm posted $3.37 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Friday, August 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 1st. NRG Energy’s dividend payout ratio (DPR) is 79.64%.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.