Premier Path Wealth Partners LLC Purchases Shares of 1,468 NRG Energy, Inc. $NRG

Premier Path Wealth Partners LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,468 shares of the utilities provider’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NRG. Toth Financial Advisory Corp bought a new stake in NRG Energy in the 2nd quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of NRG Energy in the 1st quarter valued at $28,000. Bank of Jackson Hole Trust acquired a new stake in shares of NRG Energy in the 2nd quarter valued at $28,000. Key Financial Inc acquired a new stake in shares of NRG Energy in the 1st quarter valued at $30,000. Finally, Evermay Wealth Management LLC acquired a new stake in shares of NRG Energy in the 1st quarter valued at $36,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.7%

Shares of NYSE NRG opened at $171.90 on Friday. The firm’s 50-day simple moving average is $161.86 and its 200 day simple moving average is $151.23. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 77.78 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $180.54.

NRG Energy (NYSE:NRG) last issued its quarterly 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 for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the company earned $3.37 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.44 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. NRG Energy’s dividend payout ratio is presently 79.64%.

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 dated Wednesday, September 10th. The shares were 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 approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NRG. Scotiabank began coverage on shares of NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 target price on the stock. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius Research began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Morgan Stanley reduced their target price on shares of NRG Energy from $145.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Melius assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Buy” and an average target price of $197.54.

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.