Waldron Private Wealth LLC Has $829,000 Position in NRG Energy, Inc. (NYSE:NRG)

Waldron Private Wealth LLC lifted its position in NRG Energy, Inc. (NYSE:NRG) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,095 shares of the utilities provider’s stock after purchasing an additional 1,085 shares during the quarter. Waldron Private Wealth LLC’s holdings in NRG Energy were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in NRG Energy by 885.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after purchasing an additional 213,347 shares in the last quarter. Quadrature Capital Ltd grew its holdings in NRG Energy by 148.6% during the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after acquiring an additional 13,040 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of NRG Energy by 104.5% in the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after acquiring an additional 37,750 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of NRG Energy in the second quarter valued at approximately $746,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 1.3 %

NRG opened at $85.30 on Wednesday. The stock has a market capitalization of $17.78 billion, a P/E ratio of 12.08 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a 12 month low of $40.10 and a 12 month high of $96.40. The firm’s fifty day simple moving average is $85.23 and its 200 day simple moving average is $80.13.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, research analysts anticipate that NRG Energy, Inc. will post 5.51 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s payout ratio is 23.09%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research 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 company an “overweight” rating in a research note on Thursday, September 5th. Jefferies Financial Group started coverage on shares of NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price target for the company. Finally, BMO Capital Markets lifted their target price on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.25.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company 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.