Kesler Norman & Wride LLC Purchases New Shares in NRG Energy, Inc. $NRG

Kesler Norman & Wride LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,501 shares of the utilities provider’s stock, valued at approximately $241,000.

Several other hedge funds have also recently bought and sold shares of NRG. Brighton Jones LLC lifted its stake in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,528 shares in the last quarter. Mather Group LLC. lifted its stake in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Private Trust Co. NA lifted its stake in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 119 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in NRG Energy by 242.3% in the 1st quarter. First Horizon Advisors Inc. now owns 2,540 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 1,798 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in NRG Energy by 65.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,723 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 1,468 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NRG shares. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius assumed coverage on NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target for the company. Wells Fargo & Company raised NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $197.54.

NRG Energy Stock Down 0.7%

Shares of NRG stock opened at $171.90 on Friday. The stock’s 50 day simple moving average is $161.86 and its 200 day simple moving average is $151.61. 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 twelve month low of $79.57 and a twelve month high of $180.54. The company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 77.78 and a beta of 1.14.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share 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 the consensus estimate of $6.63 billion. During the same period in the previous year, the business posted $3.37 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 79.64%.

Insider Buying and Selling at NRG Energy

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 stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

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.