U.S. Capital Wealth Advisors LLC Grows Holdings in NRG Energy, Inc. $NRG

U.S. Capital Wealth Advisors LLC raised its stake in NRG Energy, Inc. (NYSE:NRG) by 563.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,413 shares of the utilities provider’s stock after buying an additional 16,485 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in NRG Energy were worth $3,144,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in NRG Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 5,411,045 shares of the utilities provider’s stock valued at $865,437,000 after acquiring an additional 39,253 shares during the last quarter. Amundi boosted its holdings in shares of NRG Energy by 772.5% in the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock worth $406,342,000 after purchasing an additional 3,876,235 shares in the last quarter. Appaloosa LP boosted its holdings in shares of NRG Energy by 12.9% in the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock worth $195,693,000 after purchasing an additional 235,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of NRG Energy by 33.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock valued at $141,388,000 after purchasing an additional 372,618 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of NRG Energy by 113.3% during the 2nd quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock valued at $231,921,000 after buying an additional 767,014 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Up 1.0%

Shares of NYSE NRG opened at $156.12 on Friday. The firm’s fifty day moving average is $166.38 and its 200 day moving average is $159.76. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. The company has a market cap of $29.92 billion, a price-to-earnings ratio of 23.34 and a beta of 1.26.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.85. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is presently 26.31%.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 15th. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a report on Monday, October 20th. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group started coverage on shares of NRG Energy in a research report on Tuesday, December 9th. They issued a “buy” rating and a $211.00 target price on the stock. Finally, Zacks Research lowered shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.21.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the business’s 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 transaction, the vice president owned 43,191 shares in the company, valued at $7,075,549.62. The trade was a 31.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.