Marks Group Wealth Management Inc Invests $290,000 in NRG Energy, Inc. $NRG

Marks Group Wealth Management Inc purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,807 shares of the utilities provider’s stock, valued at approximately $290,000.

Several other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its stake in shares of NRG Energy by 23.8% in the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 129 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in NRG Energy by 99.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock worth $39,512,000 after purchasing an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider’s stock worth $593,000 after buying an additional 2,190 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of NRG Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider’s stock valued at $2,265,000 after buying an additional 630 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock worth $1,605,000 after buying an additional 3,721 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction on 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 transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NRG shares. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Melius started coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a report on Saturday, September 27th. Finally, Raymond James Financial assumed coverage on NRG Energy in a report on Friday, June 13th. They set a “strong-buy” rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $188.85.

NRG Energy Stock Performance

NYSE NRG opened at $163.98 on Tuesday. The stock has a fifty day simple moving average of $157.25 and a 200-day simple moving average of $141.85. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The stock has a market cap of $31.72 billion, a PE ratio of 74.20, a P/E/G ratio of 1.35 and a beta of 1.14. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 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 during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the previous year, the company earned $3.37 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

NRG Energy 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.