Moody Lynn & Lieberson LLC Takes Position in NRG Energy, Inc. $NRG

Moody Lynn & Lieberson LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,009 shares of the utilities provider’s stock, valued at approximately $323,000.

A number of other large investors have also made changes to their positions in the stock. RBA Wealth Management LLC acquired a new stake in NRG Energy in the 2nd quarter valued at about $2,331,000. Townsend Asset Management Corp NC ADV acquired a new stake in NRG Energy in the 2nd quarter valued at about $320,000. ORG Partners LLC grew its stake in NRG Energy by 422.2% in the 2nd quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 228 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in NRG Energy in the 2nd quarter valued at about $214,000. Finally, Five Oceans Advisors acquired a new stake in NRG Energy in the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

NRG opened at $165.32 on Tuesday. The company’s 50 day simple moving average is $156.57 and its 200 day simple moving average is $139.53. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The stock has a market capitalization of $31.98 billion, a PE ratio of 74.81, a P/E/G ratio of 1.37 and a beta of 1.17.

NRG Energy (NYSE:NRG) last released 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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the business posted $3.37 earnings per share. NRG Energy’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is presently 79.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective on the stock. Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price target on the stock. Citigroup raised their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Barclays raised their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets raised their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.85.

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.