L & S Advisors Inc Purchases Shares of 34,944 NRG Energy, Inc. (NYSE:NRG)

L & S Advisors Inc acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 34,944 shares of the utilities provider’s stock, valued at approximately $2,721,000.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of NRG Energy by 188.2% in the second quarter. Virtu Financial LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,157,000 after buying an additional 9,703 shares in the last quarter. Sierra Summit Advisors LLC raised its holdings in shares of NRG Energy by 8.3% in the 2nd quarter. Sierra Summit Advisors LLC now owns 9,870 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 759 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in NRG Energy by 16.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 182,569 shares of the utilities provider’s stock valued at $14,215,000 after purchasing an additional 25,563 shares during the last quarter. WINTON GROUP Ltd bought a new position in NRG Energy during the second quarter worth about $745,000. Finally, J.W. Cole Advisors Inc. increased its position in NRG Energy by 8.0% during the second quarter. J.W. Cole Advisors Inc. now owns 5,612 shares of the utilities provider’s stock worth $437,000 after buying an additional 414 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on NRG shares. Jefferies Financial Group assumed coverage on NRG Energy in a research note on Friday. They set a “hold” rating and a $82.00 target price for the company. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company raised their target price on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley increased their price target on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Hold” and an average target price of $73.75.

NRG Energy Stock Down 0.3 %

NYSE NRG opened at $80.77 on Tuesday. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 11.44 and a beta of 1.10. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $87.58. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The company has a 50 day moving average of $78.31 and a 200-day moving average of $75.85.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter last year, the business earned $1.10 earnings per share. NRG Energy’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that NRG Energy, Inc. will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 2.02%. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

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.