Entropy Technologies LP Buys Shares of 5,963 NRG Energy, Inc. $NRG

Entropy Technologies LP purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,963 shares of the utilities provider’s stock, valued at approximately $958,000.

Other institutional investors have also modified their holdings of the company. Daymark Wealth Partners LLC increased its stake in NRG Energy by 2.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock worth $473,000 after purchasing an additional 64 shares in the last quarter. Donald L. Hagan LLC boosted its holdings in shares of NRG Energy by 2.0% in the second quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after buying an additional 66 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of NRG Energy by 6.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock worth $231,000 after acquiring an additional 84 shares during the period. Horizon Investments LLC lifted its position in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 86 shares in the last quarter. Finally, Zions Bancorporation National Association UT boosted its stake in NRG Energy by 32.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 93 shares during the period. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.8%

Shares of NRG Energy stock opened at $159.21 on Friday. The stock has a market cap of $30.51 billion, a P/E ratio of 72.04 and a beta of 1.16. 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. The business’s 50 day moving average is $166.95 and its 200-day moving average is $157.98.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to buy up to 9.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is 26.31%.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the transaction, the vice president owned 43,191 shares in the company, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dak Liyanearachchi sold 10,672 shares of the company’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 completion of the sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NRG. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research note on Monday, October 20th. Barclays lifted their target price on NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Scotiabank initiated coverage on NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Wells Fargo & Company upgraded shares of NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $198.31.

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.